US is underestimating Huawei - Says founder Ren Zhengfei | Eurasia Diary -

19 September, Thursday

US is underestimating Huawei - Says founder Ren Zhengfei

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Huawei founder Ren Zhengfei has downplayed the impact of the US executive order that could cripple Huawei’s ability to collaborate with American companies like Google and Qualcomm.

In comments to Chinese media gathered at the company’s Shenzhen headquarters, reported on by the Global Times state newspaper, Ren says the 90-day extension to normal business relations granted by the US won’t make much difference to Huawei due to the company’s existing contingency plans.

Ren says that the trade restrictions won’t affect Huawei’s 5G rollout and doesn’t expect anyone to catch up to the company’s technology in the next two to three years, according to Reuters, which quotes him as adding that the US government is “underestimating Huawei’s capabilities.”

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