Huawei to invest $2 billion in cybersecurity to avoid facing more bans

Huawei is determined to prove that any concerns or allegations towards the security of its network equipment are totally bogus. The first step in battling global concerns about these security issues is upgrading lab facilities and adding more qualified people.

The Chinese company said at one of its press conferences in front of two dozen international journos that it plans to invest about $2 billion over the next 5 years to focus on cybersecurity. Huawei's main concern is that the bans is now facing are aimed to lock it out from the telecom network gear market, VentureBeat reports.

Locking ...