Affected by the arrest of Huawei’s chief financial officer Meng Zhouzhou in Canada, the share price of Huawei’s industrial chain company was under pressure: A-share market: As of press time, Huawei’s industrial chain company fell across the board, and Shennan Circuit fell more than 7%. More than 6% fell, Tongyu Communications, Dongshan Precision, Dafu Technology fell more than 2%, Fei Rongda, Saiyi Information, Shengyi Technology, BYD and other fell more than 1%. Hong Kong stock market: Sunny Optical and AAC Technologies opened 5.4% and 2.8% respectively, while Huahong Semiconductor and SMIC fell 1.1% and 1.2%. Taiwan stock market: Huawei suppliers TSMC, Da Liguang and MediaTek fell 2%, 5.5% and 2.9% respectively. As of press time, Da Liguang fell 7%, MediaTek fell more than 3%, and TSMC fell more than 2%. A-share 5G sector 1.2 trillion market capitalization pressure Huawei is currently the world’s second largest telecommunications equipment manufacturer, second only to Ericsson. Recently, in the third phase of the China 5G technology R&D test organized by the IMT-2020 (5G) promotion group, Huawei 5GLampSite took the lead in completing all the test projects for the performance and function of the 5GSA independent networking. Huawei has ranked the top 5G patents in the world, but many countries have rejected Huawei for “national security” and let Huawei lose even big orders. According to an earlier report by The Wall Street Journal, the US government is forcibly persuading its allies’ wireless network operators to abandon the use of telecommunications network equipment produced by Chinese manufacturer Huawei. According to media reports, in the United States, Canada, Australia, the United Kingdom, New Zealand and Japan and South Korea, Huawei is experiencing a 5G “sniper.” At the end of November, the New Zealand government refused to use Huawei’s 5G services for a telecom operator in the country on the grounds of threatening national security. Foreign Ministry spokesperson Yan Shuang expressed serious concern. He pointed out that the Chinese government encourages Chinese companies to conduct foreign economic cooperation on the basis of market principles and international rules and on compliance with local laws. The essence of economic and trade cooperation between China and New Zealand is mutual benefit and win-win. It is hoped that the new party will provide a level playing field for Chinese companies in their new operations and do more things that will benefit mutual trust and cooperation. According to the “5G Economic and Social Impact White Paper” calculations, in 2030, in terms of direct contribution, 5G will drive total output, economic value added, and employment opportunities to 6.3 trillion yuan, 2.9 trillion yuan and 8 million, respectively; The contribution was 10.6 trillion yuan, 3.6 trillion yuan and 11.5 million. Qualcomm believes that 5G technology will become the basic condition for building a smart society of the future. China Merchants Securities said that next year, the United States, the United States, Japan and South Korea will take the lead in entering the 5G pre-commercial stage, and 5G will leap forward from the previous theme to the stage of industry. Driven by 5G, the industry’s overall Capex entered a new round of rising cycles, and the value of industry investment was prominent. From 5G China to follow-up, the upstream of the global communications industry chain has been moving to China. It can be seen that the value of the 5G industry is huge and it is a place for all countries to compete. For Huawei’s problems encountered in the construction of 5G, Huawei has repeatedly said that Huawei will not give up 5G construction, and bluntly, if there is no such thing as Huawei’s participation, the United States may not win the 5G competition. However, the arrest of Huawei’s chief financial officer Meng Xizhou in Canada may have a certain emotional impact on the A-share 5G sector. As of press time, the A-share 5G sector fell nearly 3%, ranking first in the two cities. Previous page 2/2 is the entire content of Huawei’s concept stocks plummeting. More real-time information, please pay attention to the cool network – information channel!