Huawei Technologies’ founder said on Tuesday he was confident that the Biden administration would bear in mind US business interests when forming its policy towards the Chinese technology giant.
Browsing: Ren Zhengfei
For two years, few outside the inner circle of Meng Wanzhou have known how one of China’s most powerful tech executives has whiled away her days in Vancouver while battling a US extradition request.
Huawei founder Ren Zhengfei has called on employees of its departing Honor subbrand to strive to surpass its parent in a farewell speech as the tech giant sells the budget brand to keep its sanction-hobbled supply chains alive.
China’s biggest technology firm, Huawei, has risen to global prominence as a leader in 5G. It’s also become a major target for the US as China’s technological prowess has grown along with its ambitions.
Huawei pleaded not guilty on Wednesday to racketeering charges filed last month by US prosecutors who accused the Chinese telecommunications equipment giant of a 20-year pattern of corporate espionage.
Huawei founder Ren Zhengfei has said the US is “over-concerned” about the Chinese company and its rise in the world of technology.
How Huawei survived the US blacklisting could prove a case study in unintended consequences and a vast shift underway in global IT production.
Huawei expects smartphone shipments to grow 20% next year even if it’s blocked from the latest Google software, suggesting US efforts to contain the company’s rise may not be working.
Huawei’s lobbying spending spiked in the third quarter as it hired a fundraiser for President Donald Trump with deep ties to Republican leadership to help it fight back against the administration’s blacklisting.
Huawei Technologies’ revenue jumped 24% in 2019’s first nine months, defying Trump administration sanctions to sustain growth in its pivotal smartphone business.