Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture
Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture (Photo: Reuters/DADO RUVIC)

Huawei said on Monday that it will step up investments in 5G technology while ensuring that "cybersecurity and privacy protection" are prioritized in the process. The Chinese tech giant made these statements amid a blacklisting order from the U.S. government.

A note from the official website of Huawei discussed the agenda during the 11th Huawei User Group Meeting on Monday, with the theme of "Redefining the Future Together." The meeting focused on discussions regarding 5G tech, artificial intelligence (AI), and other technologies.

During the meeting, the company discussed the main issues raised this year, including cybersecurity and data protection for end users. Executive Director of Huawei and CEO of the Carrier BG, Ryan Ding, said the firm will "ensure the security of carriers' 5G networks with our secure products and trusted services."

Cybersecurity was among the issues raised by the White House in its reasons for banning Huawei from working with American firms. While the Chinese tech behemoth dismissed allegations that its 5G networks could pose threats to national security, the Honor maker said it will improve its security measures.

Huawei is faced with multiple problems aside from the Donald Trump administration's tirades against its technological expansions. The company's Chief Financial Officer, Meng Wanzhou is also under house arrest in Canada.

Meng's lawyers have submitted a letter to Canada's Minister of Justice David Lametti, urging the minister to reject Washington's request to have Meng extradited to the U.S.

According to Bloomberg, Meng's legal team noted that Lametti has the power to stop the extradition process. However, some analysts said it was very rare for an extradition request to be halted.

Meng was arrested in December by request from the White House under allegations of her potential violation of Iran sanctions. She is faced with multiple charges that she repeatedly denied. The Chinese government has also slammed the attacks against Huawei's CFO.

Meanwhile, Huawei is also trying to get things straight with U.S. delivery giant, FedEx after two deliveries were misdirected. Amid the ruckus, FedEx has filed a lawsuit against the U.S. Commerce Department over policing tasks regarding exports to China.

Fears of a potential blacklisting of FedEx by Beijing sent company shares plummeting by 2.7 percent on Monday, further igniting talks about FedEx being one of the companies unfortunately dragged into the China-U.S. trade war.

Many analysts commented shortly after Huawei was banned that the Chinese firm may have been pulled into the Beijing vs. Washington trade spat. Experts said FedEx made the move to hopefully avoid getting blacklisted by China.