this post was submitted on 15 Jul 2024
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63
Ericsson Struggles with Huawei's Dominance in European Telecom Market Despite Ban - EconoTimes (www.econotimes.com)
submitted 3 months ago by schizoidman@lemmy.ml to c/technology@lemmy.world
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cross-posted from: https://lemmy.ml/post/17999198

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[–] 0x0@programming.dev 9 points 3 months ago (3 children)

Ekholm attributes Ericsson's significant network market downturn on Chinese businesses.

So long as Chinese rivals keep selling low-priced goods, telecoms won't be able to put much pressure on them.

Ain't that called free market competition and all?

[–] themurphy@lemmy.ml 5 points 3 months ago (2 children)

Not when it isn't a rich US/EU guy owning the business.

[–] mal3oon@lemmy.world 1 points 3 months ago* (last edited 3 months ago) (1 children)

It's more about China heavily subsidizing its tech industry, mainly to disrupt western innovations. Same thing is happening with Electrical Vehicles. Typical capitalist bait and switch.

[–] themurphy@lemmy.ml 2 points 3 months ago

That's true, but it's also true that China has prioritised to make automated factories and investing heavily in just plain better battery tech.

I know alot of the money came from the CCP, but when the investments are done, this new tech will outperform other companies on just being better (thinking of EV specifically).

I think I'm just saying that a state investing in tech and technologies is not a bad idea always.