Huawei relies on its own technologies

Why The US Thinks Huawei Is A National Security Threat

Huawei relies on its own technologies

The founder of the Chinese tech giant Ren Zhengfei said he did not expect positive changes from US export restrictions, but expressed confidence that the company will prosper as it delved into developing its own technologies..

Ren Zhengfei also said he would not agree to an exemption from US sanctions if it would require China to make concessions in the trade war..

The company expects US restrictions on most sales to continue, despite the announcement on Monday of a second 90-day delay. The head believes that no one in Washington dares to stand up for the company. According to him, the biggest impact will be on the American suppliers who sell chips and other components to Huawei..

Washington puts Huawei on the list of foreign companies that need official permission to buy American technology.

Ren believes that being on this list will not have a significant impact on Huawei’s business. He is convinced that the company can succeed without relying on American organizations..

Tech Decoupling: China’s Race to End Its Reliance on the U.S. | WSJ

As a reminder, Huawei Technologies Ltd. is at the center of a trade conflict that threatens to push the global economy into recession. US officials accuse company of stealing technology and aiding Chinese espionage.

President Donald Trump has proposed lifting control of Huawei if Beijing agrees to a deal over trade and technology disputes that led to an increase in U.S. tariffs on Chinese imports.

Huawei relies on its own technology

Ren rejected the offer. He said that Huawei cannot ask for services that could harm the interests of the Chinese market..

The May announcement of export restrictions sparked fears that sales of Huawei smartphones and other products using US chips could plummet. These measures suggest a loss of billions of dollars in potential annual sales for US sellers.

Even before the announcement, Huawei was working on developing its own chips, software and other technologies that would help ease its dependence on US suppliers. The company spent $ 15 billion last year on research and development. Sales of the company for the six months of 2019 increased by 23.2%.