An American case against Huawei is going to the courts in early 2026.

                                                     

Since 2019, the US has limited Huawei's access to American technology (Reuters).

A long-running US Justice Department criminal lawsuit accusing Chinese technology corporation Huawei of misleading banks about its activities in Iran is set to go to trial in January 2026.

 

Alexander Solomon, a top official in the ministry, informed an American court during a meeting in New York yesterday, Thursday, that the settlement discussions had reached a dead end. We believe it would be prudent to arrange a trial date.

The judge stated that she believed it would be best if the trial began in early January 2026.

 

The case that sparked sour relations between the United States and China began in 2018 with an indictment that resulted in the arrest of Huawei's chief financial officer, Meng Wanzhou, in Vancouver, Canada, on a US warrant.

As part of the 2021 agreement, the allegations against Meng, the founder's daughter, were dropped.

Solomon stated that prosecutors estimate the trial to run between 4 and 6 months.

 

The indictment against Huawei

 

Huawei was accused in 2018 of bank fraud and misleading HSBC and other banks about its business in Iran, which is subject to US sanctions.

 

In 2020, the Justice Department added additional charges to the case, including that Huawei conspired to steal trade secrets from six American technology companies and helped Iran track down anti-government protesters in 2009.

 

Since 2019, the United States has restricted Huawei's access to American technology, accusing the company of engaging in activities that harm American national security, which Huawei denies.

 

Strong revenues for Huawei

 

Despite the US sanctions, the Chinese company Huawei Technologies recorded its fastest growth in 4 years in 2023, amid a recovery in the consumer sector and income from new businesses such as smart car components, which accelerated its recovery from these sanctions.

 

Revenues in 2023 increased by 9.63% from the previous year and reached 704.2 billion yuan ($97.48 billion). However, these revenues are still lower than the peak recorded in 2020 of 891.3 billion yuan.

 

Source: Reuters