Chinese telecommunication giant Huawei is ready to deal with Washington’s crackdown and will reduce its reliance on U.S. components, its founder told Japanese media.
President Donald Trump effectively barred Huawei from the U.S. market on Wednesday and added it to a list which would restrict U.S. sales to the firm. “We have already been preparing for this,” Huawei CEO Ren Zhengfei told Japanese journalists on Saturday. He said Huawei would continue to develop its own components to reduce its dependence on outside suppliers.
Huawei is a rapidly expanding leader in 5G technology but remains dependent on foreign suppliers. It buys about $67 billion worth of components each year, including about $11 billion from U.S. suppliers, according to The Nikkei business daily.