Author Topic: Huawei won't be pushed around by the U.S - CEO Says  (Read 11843 times)

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gurutek

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Huawei won't be pushed around by the U.S - CEO Says
« on: May 20, 2019, 06:12:42 AM »


Already the number one global provider of networking equipment, Huawei is on track to take over the top spot in smartphone shipments by next year. That lofty goal was vocalized by the CEO of Huawei Technologies Consumer Business Group Yu Chengdong (aka Richard Yu in the West) four years ago. But now that the U.S. is preventing Huawei from easily obtaining U.S. parts and components, has the company's fast track roadmap run into a detour?


According to the Nikkei Asian Review, Huawei founder and CEO Ren Zhengfei said on Saturday that the actions taken by the U.S. could result in slightly lower growth for the company this year. Ren added that Huawei might end up reporting annual revenue growth of less than 20% this year. Addressing a contingent of Japanese media visiting Huawei headquarters in Shenzhen, the executive said, "We have not done anything which violates the law."
Huawei CEO says that the company will not allow the U.S. to dictate the composition of its executive team

Ren added that Huawei is not concerned if the company can't source chips from Qualcomm or other American suppliers. Huawei has its own unit, HiSilicon, which designs the Kirin SoCs used in its high-end phones. TSMC manufacturers these chips along with Huawei's Balong modem chips. Ren pointed out that Huawei has been preparing for the action taken by the U.S. HiSilicon president Teresa He Tingbo added, "We actually have foreseen this day for many years, and we do have a backup plan." Last year, Huawei spent about $11 billion on U.S. parts and components from companies like Qualcomm, Intel and Micron Technologies.


 

 

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