It’s possible (and IMO likely) that all these are true simultaneously:
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Chinese intelligence/security has been as alert to opportunities in Huawei’s (and ZTE’s) growth as its US counterpart has been to global use of Western hardware and Internet systems technology
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Huawei’s market penetration – a timeworn, aggressive and successful “start with cheap commodity products and move up the food chain” trajectory – would have been much the same with or without (1)
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Huawei’s Western competitors, and their friends in Congress, have seen competitive advantage in raising doubts about Yellow Peril Hardware, and would have done so with or without evidence.