TIL Desk/Business/Beijing/ Ren Zhengfei, founder and CEO of Chinese tech giant Huawei, on Tuesday denied that restrictions imposed by the US on its products and supplies will affect the roll-out of 5G technology.
In an interview with Chinese state media, Ren said that the decision by some American tech companies to stop selling components and software to Huawei “doesn’t mean much” and added that the company was already prepared to deal with the ban.
“We can make chips as good as those made by US companies, but it does not mean that we will not buy chips from them,” Ren said.
Huawei’s founder acknowledged that the clash with the US was inevitable owing to the company’s interest in becoming one of the global leaders of the 5G technology and said that “others will definitely not be able to catch up with Huawei in 5G technologies for two or three years”.
“But in our business (5G), Huawei is at the forefront, though when it comes to comparison between countries, we are still far behind the United States,” he added.
