Chinese telecoms giant Huawei is ready to deal with Washington’s crackdown and will reduce its reliance on US components, its founder told Japanese media.
President Donald Trump effectively barred Huawei from the US market on Wednesday and added it to a list which would restrict US sales to the firm amid an escalating trade war with Beijing.
“We have already been preparing for this,” Huawei founder and CEO Ren Zhengfei told a group of Japanese journalists Saturday in his first interview since Trump’s move.
Ren said Huawei would continue to develop its own components to reduce its dependence on outside suppliers.
A former army technician, Ren founded Huawei in 1987 with only US$5,000, according to company lore.
Huawei now claims to have nearly 190,000 employees, operates in 170 countries, and reported revenue of more than US$100 billion in 2018.
Ren said his company would not yield to pressure from Washington.
Huawei is a rapidly expanding leader in 5G technology but remains dependent on foreign suppliers.
It buys about US$67 billion worth of components each year, including about US$11 billion from US suppliers, according to The Nikkei business daily.
The usually elusive Ren, 74, has come out of the shadows in recent months in the face of increasing pressure on his company.