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Huawei will not bow to US pressure: founder
05-20-2019, 10:30 AM,
#1
Huawei will not bow to US pressure: founder
Huawei will not bow to US pressure: founder

Chinese telecoms giant Huawei is ready to deal with Washington’s crackdown and will reduce its reliance on US components, its founder told Japanese media.President Donald Trump effectively barred Huawei from the US market on Wednesday and added it to a list which would restrict US sales to the firm amid an escalating trade war with Beijing.“We have already been preparing for this,” Huawei founder and CEO Ren Zhengfei told a group of Japanese journalists Saturday in his first interview since Trump’s move.Ren said Huawei would continue to develop its own components to reduce its dependence on outside suppliers.Huawei is a rapidly expanding leader in 5G technology but remains dependent on foreign suppliers.It buys about $67 billion worth of components each year, including about $11 billion from US suppliers, according to The Nikkei business daily.The usually elusive Ren, 74, has come out of the shadows in recent months in the face of increasing pressure on his company.Read the entire article
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