Through a strong indication US President, Donald Trump is requesting their European allies for pressurizing on Huawei or even block the Chinese tech manufacturing firm. The founder of the Chinese conglomerate and CEO Ren Zhengfei has emphasized that the US campaign against the company would not be hefty sufficiently for calling to everyone for following them.
Alarmed by the Chinese superiority in the field of 5G technology which has the possibility to develop from exactly $528 million in 2018 to $26 billion in 2022 at a compound alo9ng with an annual growth rate of 118 percent. The US President has enforced restrictions on Chinese telecom giant Huawei in the US, followed by several American tech giants such as Google, Qualcomm, and Intel declaring to trim business ties with Huawei.
In a long term discussion, with Chinese media, Zhengfei declined the restrictions enforced by the US on its products and supplies will impact the unfolding of 5G technology.
The Huawei CEO told in media, “ therefore, they received me with afternoon tea at Downing Street. We have been communicating with leaders of different countries. Every country has its own interests. The campaign of the US will not be powerful enough to call on everyone to follow them”.
As tech giants broke their ties with Taiwan Semiconductor Manufacturing Company, as well as, the largest chipset maker, Huawei would continue to dispatch critical semiconductors to Huawei Technologies.
Chinese conglomerate and CEO Ren Zhengfei said, “ in sectors where we have the most advanced technologies, at least in the 5G sector, there won’t be much impact. Not just that, our competitors won’t be able to catch up with us within two to three years”.
He also added, “even if there is an insufficient supply from our partners, we will face no problems. This is because we can manufacture all the high-end chips we need ourselves”.
The company follows in 1+1 policy – half of its chips come from US companies and a half from Huawei.
Chinese conglomerate and CEO Ren Zhengfei told Chinese media, “despite the much lower costs of our own chips, I would still buy higher-priced chips from the US. We cannot be isolated from the world. Instead, we should become part of it. These relationships won’t be destroyed by a piece of paper from the US government ”.
Predicting a US comeback, the subsidiary of the company Hisilicon which makes the Kirin chipsets for Huawei handsets, has been allegedly collecting components and is confident about a steady supply of most of the products.
Another crucial front where Huwaei can experience the rate of the market share crucially, if it does not get Google support for mass products like Maps, Search, Play Store and Youtube and without all these modern lives cannot be imagined.