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© Data is a real-time snapshot *Data is delayed at least 15 minutes. These are technical specifications and other things that spell out how a technology works and allows different devices or systems around the world to work together. Huawei was put on a U.S. blacklist called the Entity List in May 2019. “The order dealing with Huawei itself will be effective tomorrow,” Ross said in an interview with Bloomberg Television and Radio. Without the U.S. companies involved in standards setting, the concern is American technology firms could lose their competitiveness.

Secretary of Commerce Wilbur Ross said Huawei's persistence in testing the rules put in place to protect U.S. national security was concerning. Who gets to define those standards has yet to be determined.China has stated its ambitions clearly: Not only does it want to develop its own domestic standards, it also wants to push its participation internationally.Huawei, which participates in telecommunications standards setting bodies, is part of that push.CNBC recently reported on a plan called Huawei will be a big part of that plan given its strength in areas from telecommunications to mobile phones and cloud computing.

"The United States will not cede leadership in global innovation.

U.S. Commerce Secretary Wilbur Ross said on Thursday that an order blacklisting Chinese telecoms giant Huawei Technologies Co Ltd will go into effect on Friday. The Department of Commerce itself recognized the importance of U.S. companies in setting standards for the future. "It is exceptionally important for U.S. companies to be at the table. US flags and a smartphone with the Huawei and 5G network logo are seen on a PC motherboard in this illustration. "China has some real cutting edge-tech companies that are really competitive. Got a confidential news tip? But now, new technologies are emerging — such as next-generation mobile internet known as 5G or autonomous vehicles. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.Data also provided by "The Information Technology Industry Council (ITI), a global tech trade body, welcomed the move. U.S. firms were restricted from doing business with the Chinese technology giant and required licenses to sell to it. US Commerce Secretary Wilbur Ross confirmed the action in a statement to Reuters. Wilbur Louis Ross Jr. (born November 28, 1937) is an American investor and businessman serving as the 39th United States Secretary of Commerce since 2017.

"The last thing we want to see is unintended consequence that negatively affects U.S. companies' competitiveness. Being forced to cede their seat at the table to the likes of Huawei no less, was in nobody's interest, except the Chinese," Naomi Wilson, senior director of policy for Asia at ITI, told CNBC. It is not necessarily a winner takes all race, but you certainly have to stay in the race in order for competition to drive innovation in those next generation technologies."
Wilbur Ross U.S. Department of Commerce Secretary The Department of Commerce has changed that rule, helping to clarify that U.S. firms can work with Huawei in standards setting bodies. U.S. and European technology firms have been key players in defining technology standards for the last generation of technology. "U.S. participation and leadership in standard-setting influences the future of 5G, autonomous vehicles, artificial intelligence, and other cutting-edge technologies," it said. 1 Min ReadWASHINGTON (Reuters) - U.S. Commerce Secretary Wilbur Ross said on Thursday that an order blacklisting Chinese telecoms giant Huawei Technologies Co Ltd will go into effect on Friday. But the blacklisting also created confusion as to whether U.S. firms could be involved in standards setting discussions and organizations where Huawei was also a participant.The Department of Commerce has changed that rule, helping to clarify that U.S. firms can work with Huawei in standards setting bodies.