One of the biggest telecoms giant Huawei Technologies announced on Tuesday it will hand out 286 million in cash rewards to staff working to help it weather a U.S. trade blacklisting.
A most prominent name in equipment provider has said it has been trying to find alternatives to U.S. hardware after the United States all but banned it in May from doing business with American firms, disrupting its ability to source key parts.
This reward is a token of appreciation, for work in the face of U.S. pressure, the company human resources department said in a notice to staff seen by Reuters. It will also double pay this month for almost all its 190,000 workers, a company spokesman said.
The cash rewards will likely go to research and development teams and those working to shift the company’s supply chains away from the United States, the spokesman said.
According to Reuters, many in the U.S. government believe that Huawei’s equipment, particularly its 5G networks; poses a security risk, because of the company’s allegedly close ties to the Chinese government. Huawei has denied the Chinese government plays any role in its operations.
it was reported that the company is also the world’s second-largest maker of smartphones and a surge in shipments of devices helped it to report a 27% rise in third-quarter revenue last month.