Huawei has been on a seemingly unstoppable path to becoming a world leader not just in smartphone production but also in the implementation of 5G. Though the company is now facing bans in the United States, Australia, and Japan and could soon face similar restrictions in Canada, India, and other countries, the backlash is not threatening to diminish its dominance, so far.

In fact, Huawei remains the largest producer of telecommunications equipment and posted $100 billion in revenue for 2018 and record sales of its smartphones, despite concerns that the devices and other products could be used for espionage by China and charges by the Department of Justice regarding stealing trade secrets from other companies and committing bank fraud.

While Huawei is fighting accusations in part by filing a complaint in US federal court to counter the charges and restrictions against it, it remains largely defiant. At a press conference regarding its earnings, Rotating Chairman Guo Ping said, "The US government has a loser's attitude. It wants to smear Huawei because it cannot compete against us."

Whether the allegations against Huawei are correct or not, the United States is coming to terms with the company's role in telecommunications worldwide as it has been unable to get allies in Europe and other countries to institute bans.