• About Us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI English
TFI हिन्दी
Monday, January 30, 2023
TFIGlobal
TFIGlobal
Right Arm. Round the World. FAST.
No Result
View All Result
  • Premium
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
  • Premium
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIGlobal
TFIGlobal
No Result
View All Result

Ericsson’s “warning” to Sweden to unban Huawei will be its undoing

Abhyoday Sisodia by Abhyoday Sisodia
January 3, 2021
in Geopolitics
Reading Time: 3 mins read
0
Ericsson, Huawei, China, Sweden, Short Takes
433
VIEWS
Share on FacebookShare on Twitter

The countries in the European Union for long were kowtowing to China and Xi Jinping, but it all changed since the outbreak of the pandemic. The countries are now able to easily see through the facade of the Chinese goodwill Belt and Road policy and its megalomaniac intent to become a neo-imperialist power. In line with this, a slew of European countries including Sweden banned Chinese companies like Huawei and ZTE to participate in its 5G network construction. 

Read More: ‘D10 can destroy Huawei 5G,’ Britain wants alliance of 10 democracies including India to take on China

Also Read

How Haiti become a slave economy because of Citibank

France’s gift to Ukraine is actually a gift for Russia

However, the criticism regarding the policy is coming from the very companies which are poised to gain from the ban. As per news reports, CEO of Ericsson Börje Ekholm has sent text messages to the Swedish Minister of Commerce Anna Hallberg, threatening her that Ericsson will leave Sweden unless the port ban on ZTE and Huawei is removed. At a time when the countries in the EU are forming an anti-China sentiment which is a clear reflection of the majority public view, these kinds of threats will only become counterintuitive. The action has made Ericsson a middle man which is lobbying for China and this will be the beginning of the end of the company and its fortunes.

 Read More: Romania says no to Huawei, and that marks the final victory of Donald Trump over Xi Jinping

Ekholm has been very moderate in public in commenting on PTS’s decision, but in his text messages, he has urged the government to take action and change the authority’s decision and even went to the extent of stating that there will be consequences. In one of the messages he said, “It’s interesting to note that while we’ve talked to several Swedish law firms, no one wants to go out and help Huawei. Unfortunately, there are a lot of cowards”. These are very strong statements considering that the head of the company is batting for a competing company in the same sector.

The actions become all the more obvious when we look at the China story of Ericsson. Ericsson is about 10 per cent of the Chinese 5G market, and the company is also heavily dependent on Chinese subcontractors. The Chinese ambassador said in the autumn that the exclusion of Chinese companies from Swedish 5G networks will harm Ericsson’s operations in China.

In addition to this, Ericsson depends on Chinese equipment from Panda Electronics, a Nanjing-based manufacturer, which appears on the Pentagon’s latest list of Chinese companies linked to the People’s Liberation Army (PLA). Panda Electronics, it turns, has a joint venture in China with Swedish giant Ericsson, a major supplier of equipment used by Australian telecom network providers Telstra and Optus. Similar arrangements are in operation throughout the world and the statements by the CEO of Ericsson are a testament of China’s hold on world companies.

However, the world is currently on a determined spree to take on these Chinese structures, as well as, monopolies. And, actions by many states have been in line with this emotion, starting with the US President Donald Trump’s policy of Trade War. The White House had decided to push the envelope to counter semiconductor monopoly of the Chinese. Trump’s administration had blacklisted Semiconductor Manufacturing International Corporation (SMIC), China’s largest semiconductor manufacturer. This single move sent shockwaves in China’s tech sector and impairs it permanently. 

Read more: If the Huawei ban was Trump’s punch on the face of China, SMIC ban breaks its back and kills any chances of a comeback.

However, in such a tense trade environment, people like the CEO of Ericsson are taking China’s and it will come back to haunt them. The fact that Ericson has chosen the side of China and not its origin continent means that the people will have a long-lasting discontent with the company. Moreover, what might look profitable to the company in the short run will be the undoing of the whole firm in the long run.

Tags: ChinaEricssonHuaweiShort takesSweden
ShareTweetSend
Previous Post

‘BREXIT done. Now it’s time to take on China,’ Britain shifts its focus entirely on China

Next Post

 Where is Jack Ma? After his showdown with CCP, the Alibaba founder has gone missing

Also Read

Canada and Denmark threatened by Russia’s new move

Canada and Denmark threatened by Russia’s new move

January 29, 2023
Lavrov’s presence in Eritrea is very unsettling for…..

Lavrov’s presence in Eritrea is very unsettling for…..

January 29, 2023
EU pins its hopes on South Africa to rescue it from the Ukraine crisis

EU pins its hopes on South Africa to rescue it from the Ukraine crisis

January 29, 2023
Nigeria’s killer move spells doom for Visa and Mastercard

Nigeria’s killer move spells doom for Visa and Mastercard

January 29, 2023
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Trending
  • Comments
  • Latest
Did Ukraine use innocent civilians as human shield against Russia in the name of evacuation?

Did Ukraine use innocent civilians as human shield against Russia in the name of evacuation?

May 9, 2022
Saudi Arabia Caribbean

Saudi Arabia expands its Caribbean foothold with an $80m gift

January 22, 2023
Cuba Ally

Cuba in Ukraine war is impossible! USA has gone bonkers in its desperation

January 24, 2023
World Economic Forum

“Sex, sleaze, and drugs” is what WEF is all about

January 18, 2023
Orwellian “Ministry of Truth” becomes a reality in Biden’s America

Orwellian “Ministry of Truth” becomes a reality in Biden’s America

April 28, 2022
Jamaica: The Best Hotspot for Pure Tropical Fun

Jamaica: The Best Hotspot for Pure Tropical Fun

January 29, 2023
All 13 Premiers of Canada give Trudeau a wakeup call

All 13 Premiers of Canada give Trudeau a wakeup call

January 29, 2023
Canada and Denmark threatened by Russia’s new move

Canada and Denmark threatened by Russia’s new move

January 29, 2023
Finland could now throw out Western Companies, so it decides to tax them instead

Finland could now throw out Western Companies, so it decides to tax them instead

January 29, 2023
Trudeau’s data manipulation skills leave Cuomo in the dust

Trudeau’s data manipulation skills leave Cuomo in the dust

January 29, 2023
Youtube Twitter Facebook
TFIGlobal
  • About us
  • Contact Us
  • Terms of use
  • Privacy Policy

©2023 - TFI MEDIA PRIVATE LIMITED

No Result
View All Result
  • Premium
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean

©2023 - TFI MEDIA PRIVATE LIMITED

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Follow us on Twitter

and never miss an insightful take by the TFIGlobal team

Follow @tfiglobal
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.