SHENZHEN, China -- Huawei Technologies' founder and chief executive blasted the Trump administration's decision to add his company to a government blacklist, insisting the Chinese telecom equipment maker has done nothing illegal.
"We have not done anything which violates the law," CEO Ren Zhengfei told Japanese media at company headquarters in Shenzhen on Saturday in his first interview since the U.S. decision to restrict trade with Huawei.
Ren indicated that his company will continue developing its own chips to lessen the impact of the ban on its production. Ren said it would be "fine" even if Qualcomm and other American suppliers would not sell chips to Huawei. "We have already been preparing for this," he said.
Huawei unit HiSilicon Technologies, which mainly designs core processor chips, has made similar allusions to plans for dealing with a potential disruption in supply. In a recent open letter, President Teresa He Tingbo wrote, "We actually have foreseen this day for many years, and we do have a backup plan."
Echoing his tougher tone in recent months, Ren said his company will not be dictated to by Washington. "We will not change our management at the request of the U.S. or accept monitoring, as ZTE has done," he said.
The U.S. deployed a similar ban against ZTE last year, pushing the Chinese telecom company to the brink of bankruptcy.
Ren said the impact of the U.S. ban on Huawei's business will be limited, and expressed confidence in its longer-term outlook. "It is expected that Huawei's growth may slow, but only slightly," said Ren, citing the potential of annual revenue growth undershooting 20%.
"Policies that threaten trading partners one after another rob companies of risk-taking attitudes, and the U.S. will lose credibility," said Ren. On the other hand, he sees U.S. President Donald Trump's trade policies providing the impetus for Chinese economic reforms. "I would even suggest that the environment will improve," said Ren.
Huawei's chief shot down the prospect of producing 5G equipment on American soil. "Even if the U.S. asks us to manufacture over there, we will not go," said Ren.
Huawei procures around $67 billion worth of components every year, with roughly $11 billion coming from U.S. suppliers. Huawei depends especially on American parts makers for semiconductors, and it is believed that the company could face problems going forward manufacturing smartphones and telecommunications equipment. - Nikkel Asian Review
Source link
Read more :
US relies on deception and is most afraid of protracted trade war
The economic data of China and the US for the month of April was not good. There are divergent views on the reasons for China's declining retail sales growth rate and especially, its industrial output growth. But amid China's overall expectations that a trade war could have some impact on the economy this year, one month's unsatisfactory data is socially and psychologically affordable.Supply cut-off cannot stifle Huawei
The pain inflicted on China is temporary. But what the US has to face is growing long-term pain. The so-called decoupling with China is very likely the real beginning of US decline.China's strong stand benefits Japan, Europe
While China has a quite different political system and ideology than Europe and Japan, China has given both much more respect than they have received from the US. Multipolarization and multilateralism should be the most important principles of the world. No country's interests are allowed to override those of others, and no nation should determine the future of the globe in a unilateral way. China, Europe, Japan and other countries share the same interests on this issueEurope's scrutiny results prove Huawei "innocent": China FM spokesperson
The results of Europe's scrutiny on products by China's Huawei Technologies Co., Ltd. have proven the company's "innocence," a Chinese Foreign Ministry spokesperson said Monday.Huawei fully prepared, core tech intact: Ren
Huawei founder Ren Zhengfei said a 90-day temporary license the US granted is not that meaningful for the company, as it is well prepared and has kept its core technologies intact.
Huawei Unit Says It Can Help Ensure Chip Supply Without U.S. Tech, Amid Doubts - Caixin Global
Related posts:
Huawei unveils server chipset as China cuts reliance on imports
