Bottom line: Huawei was severely impacted by US sanctions against technology exports to China, but the company is far from finished. Its engineers are apparently working on a new type of storage technology, an innovative medium that could theoretically offer significant improvements over traditional tape or hard disk-based devices.
A hot potato: The US / China tech clash is entering an even more heated phase, with the FCC acting as a hammer against Chinese companies making network and telecom devices. They're an unacceptable risk to national security, the FCC claims.