Hengtong Optic-Electric said in the filing to the Shanghai Stock Exchange that it signed a letter of intent with Huawei to buy the stake via cash and share issuance.
With a near total control on the rare earth mineral market, China floats possible export restrictions on the United States, as Washington escalated the trade war against China this month by putting the Chinese telecom giant Huawei on a blacklist.
Donald Trump’s decision to force American companies to stop doing business with the Chinese tech giant create losers on both sides.
China's state planner says trade frictions with the United States has had some impact on China's economy, but it was "controllable" and countermeasures would be rolled-out when needed to "keep economic operations within reasonable range".
China is strongly against other countries imposing unilateral sanctions on Chinese entities, a commerce ministry spokesman said, stressing the US should avoid further damaging bilateral trade relations.
The world’s two biggest economies are nine months into a trade war that has cost billions of dollars, roiled financial markets and upended supply chains.
South Korea has launched its first national 5G networks, reportedly two hours before US mobile carrier Verizon started the ultra-fast network nationwide.
The superfast communications heralded by fifth-generation wireless technology will ultimately underpin everything from toasters to telephones, from electric cars to power grids.
The system will bring smartphones near-instantaneous connectivity – 20 times faster than the existing 4G – allowing users to download entire movies in less than a second.
Israelis head to the polls on April 9 to choose parliament and a new prime minister from two candidates facing allegations of corruption: Benjamin Netanyahu and Benny Gantz.
The US has told the German government that it would limit intelligence sharing with Berlin if tech company Huawei is allowed to build Germany’s wireless network to upgrade to 5G.
Why does Czech Republic's Prime Minister Andrej Babis, also known as Czech Donald Trump, lean towards the US, while the country's President Milos Zeman pursues strong ties with China?
Subscribe to our Youtube channel for all latest in-depth, on the ground reporting from around the world.
Copyright © 2019 TRT World.