What Huawei is going to benefit if they create jobs in US. There are some number of engineers and engineering executive in Huawei which are as good as US engineers and executives. If their intention is to build a leading communication equipment vendors, would they rather home grow their technical competency? Unless they are absorbing the talents who leave Cisco & Juniper.
"Huawei said the three-year OEM contracts awarded to the U.S. companies will directly and indirectly create tens of thousands of jobs for U.S. business while contributing to growth and development opportunities for California. "
what about the loss of jobs at Cisco & Juniper ?
This is nothing shocking as this seems the regular inventory purchase of Huawei. Huawei is the largest telecom manufacturing company of the most populated country so the inventory will be also very huge. But it is really a big deal as it speaks the duration of 3 years.