Quote:Chinese phone maker Huawei is very committed to proving the world it’s not spying for China and has thus prepared $2 billion for cybersecurity investments over the next 5 years.

The company wants to upgrade its lab facilities and hire new security experts, according to a report from Reuters, as it’s trying to address concerns that its equipment might be used to collect information that’s then shared with the Beijing government.

Huawei officials say that despite media reports and public concerns expressed by several countries, no evidence has been found that its products can pose a national security threat to some states.

“Locking out competitors from a playing field cannot make yourself better. We think any concerns or allegations on security at Huawei should be based on factual evidence,” rotating chairman Ken Hu was quoted as saying. “Without factual evidence we don’t accept and we oppose those allegations.”

Earlier this week, Germany said it hadn’t found any evidence that Huawei’s equipment sold on the local market or elsewhere is involved in cyberespionage. The Czech Republic, on the other hand, warned that using Huawei products is considered a security risk and recommended against equipment manufactured by the Chinese company.