Huawei CEO says U.S. ‘underestimates’ the company’s strength [MarketWatch]
Xilinx, Inc. (XLNX)
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Source: MarketWatch
Huawei CEO says U.S. ‘underestimates’ the company’s strength The founder and chief executive of Huawei Technologies Co. says the U.S. government is underestimating the Chinese tech giant, and within a few years no one will be able to catch up with its 5G technology. Speaking at a press conference Tuesday aired by China’s state broadcaster CCTV, Ren Zhengfei said a reported move by the Trump administration to temporarily ease export restrictions against Huawei was meaningless, as the company has already made preparations for such an eventuality, including stockpiling chips. He also said Huawei could make its own chips, though that doesn’t mean it intends to stop buying U.S. chips. Zhengfei said Huawei’s 5G technology would not be affected by a U.S. export ban, and that within two to three years, no company will be able to match its 5G technology. “The current practice of U.S. politicians underestimates our strength,” he said, according to a translation by TRT News . On Monday, the Wall
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