Why is there no US rival to compete with Huawei?

Some alledge it's because Huawei hacked into or shamelessly stole IP from North American firms like Cisco and Nortel. In fact, Nortel execs may have covered up such attacks and it's likely the company died from it partially because they couldn't compete with cheaper clones: https://www.afr.com/technology/web/security/how-chinese-hack...

"I wonder if the so-called developed countries should be careful of their own premature deindustrialization. The US industrial base has faltered, but there is still so much left to build. Until we’ve perfected asteroid mining and super-skyscrapers and fusion rockets and Jupiter colonies and matter compilers, we can’t be satisfied with innovation confined mostly to the digital world."

I highly recommend reading Dan Wang's "Definite optimism as human capital" https://danwang.co/definite-optimism-as-human-capital/

TLDR: “The White House keeps asking why we can’t do what Huawei does, and how long it would take for us to be able to do so,” said one US telecoms executive. “They don’t seem to understand — we gave that capability up a long time ago.”