Alphabet Inc’s Google has warned if the US administration moves ahead with sweeping ban on Huawei Technologies Co. Ltd, it risks compromising national security, the Financial Times reported on Thursday.
Google’s move comes as the world’s two top economies ratchet up tariffs in a battle over what US officials call China’s unfair trade practices.
While the sanctions are expected to hurt Huawei in the short term, industry experts say it could force the company — and other Chinese firms — to become self-reliant by developing more home-grown technologies, hurting the dominance of American companies such as Google in the longer term.
Google in particular is concerned it would not be allowed to update its Android operating system on Huawei smartphones, which it argues would prompt the Chinese company to develop its own version of the software, FT reported, citing people briefed on Google’s lobbying efforts.
The search giant argued a Huawei-modified version of Android would be more susceptible to being hacked, the newspaper said.
The US administration in May added Huawei to a trade blacklist. The move put Huawei and 68 affiliates in more than two dozen countries on the Commerce Department’s so-called Entity List.
Google and the US Department of Commerce were not immediately available for comment on the report.
Google flags US national security risks from Huawei ban
Google flags US national security risks from Huawei ban
- The move comes as the world’s two top economies ratchet up tariffs in a battle
- While the sanctions are expected to hurt Huawei in the short term, industry experts say it could force the company to be self-reliant
Closing Bell: Saudi main index closes in red at 10,414
RIYADH: Saudi Arabia’s Tadawul All Share Index closed lower on Wednesday, shedding 38.85 points, or 0.37 percent, to finish at 10,414.06.
Total trading turnover on the benchmark index reached SR3.46 billion ($920 million), with 123 stocks advancing and 134 declining.
The Kingdom’s parallel market Nomu also shed 41.61 points, or 0.18 percent, to close at 23,428.67.
The MSCI Tadawul Index edged down 0.45 percent to 1,368.36.
Arabian Drilling Co. was the best-performing stock on the main market, with its share price rising 6.8 percent to SR102.90.
Naqi Water Co. gained 4.30 percent to SR58.25, while Saudi Ground Services Co. advanced 3.78 percent to SR38.42.
Tihama Advertising, Public Relations and Marketing Co. saw its share price fall 4.95 percent to SR16.31.
AlAhli REIT Fund 1 also declined 3.53 percent to SR6.29.
On the announcements front, United Mining Industries Co., listed on the parallel market, said it has begun commercial production of gypsum board at its plant in Yanbu.
In a Tadawul statement, the company said the financial impact of the project’s commercial production will be reflected in the first quarter of 2026.
United Mining Industries Co.’s share price was unchanged, closing at SR42.54.
Dkhoun National Trading Co. said its shareholders approved the board’s recommendation to distribute interim dividends on a semi-annual or quarterly basis for 2025.
According to a Tadawul statement, shareholders also approved transferring the balance of the company’s statutory reserve, valued at SR2.43 million, to retained earnings.
Dkhoun National Trading Co.’s shares saw no trades and closed at SR65.
