One Chinese company wants to become the No. 1 provider of 5G network technologies. The company is named Huawei (private).
The Chinese company is unknown to most Americans – despite being the largest provider of telecom equipment.
Former Google (NASDAQ: GOOG) CEO Eric Schmidt is issuing a warning regarding Huawei.
“There’s no question that Huawei has engaged in some practices that are not acceptable in national security. Information from Huawei routers has ultimately ended up in hands that would appear to be the state,” says Schmidt.
Schmidt served as CEO of Google from 2001 – 2001. He then served as chairman until 2017.
Today, Schmidt leads the Pentagon’s Defense Innovation Board. The group includes Silicon Valley leaders who advise the U.S. military on a broad range of tech issues – including brand-new 5G technologies.
The U.S. has been long accused Huawei of sharing data with the Chinese government.
In 2012, the House Intelligence Committee recommended that Huawei be banned from the U.S. And last year, the U.S. Commerce Department essentially banned the company from the U.S. market.
Huawei will NOT be supplying 5G technology for the U.S. wireless network.
That means a handful of American 5G stocks stand to earn a large fortune. And with the 5G rollout happening in 2020 – now is the best time to earn record profits.
Schmidt says that the U.S. needs to become a leader by having competitive 5G products.
“The answer to Huawei . . . is to compete by having a product and product line that is as good,” he explained.
America has always been a leader in technology and innovation. And that’s why I’m betting on these top five 5G stocks for 2020.
One of these little-known companies is already providing crucial technologies to the Pentagon. And unlike most technology – it’s 100% made in the U.S.A.
Early investors could stand to earn 562% profits from this stock as sales surge.
Yours in Wealth,