Chinese technology giant Huawei warned on Thursday that American ambitions to lead the world in the next generation of mobile internet may not be realized if Washington continues to block the company from participating in the U.S. market.
That widely heralded new technology, known as 5G, could allow consumers to download movies in seconds and it could support infrastructure such as smart cities that will require lots of data. The U.S. and China are both in a race to become leaders in the space.
But Huawei, the world's largest maker of networking equipment, has been barred from the U.S. since 2012. Speaking in Mandarin, Eric Xu, one of the rotating chairmen at Huawei, told CNBC on Thursday that the United States' move could hurt the country's ambitions in the next tech frontier.
"For Huawei, as leader in 5G technology, we don't have the opportunity to serve the U.S. consumer with 5G solutions and services, then the U.S. market is a market without full competition while still blocking leading players from participation. Now, I'm not sure whether they can really deliver their objective of becoming the world's No. 1 in 5G," he said, according to a translation that was verified by CNBC. Read more