Tuesday, June 11, 2019

Ren Zhengfei, founder of Huawei: "We are fully prepared"

The founder and CEO of Huawei are confident, stating that the temporary license that extends until August 19 "is not so significant for the company."

Ren Zhengfei, founder of Huawei: "We are fully prepared"
Ren Zhengfei, founder of Huawei: "We are fully prepared."

Ren Zhengfei, founder of Huawei and its current CEO, is not scared after the recent events that have happened in last days. According to the Chinese newspaper Global Times, the executive reacted yesterday at the company headquarters in Shenzen to temporarily lift part of the restrictions imposed by the United States.

Zhengfei says that the 90-day temporary license granted by the United States is not so significant for them, as they are fully prepared and keep their core technologies intact. Despite the embargo, Zhengfei is confident and affirms that the company can continue to provide products and services because the sanctions do not harm its primary business.

The executive also thanks US companies: "They have contributed a lot to Huawei's development and have shown their understanding of the matter [..] As far as I know, American companies have been making efforts to persuade the US government to give them allow to cooperate with Huawei, "he says.

The 90-day license, valid until August 19 and issued by the US Department of Commerce, will allow Huawei to acquire products and services provided by US companies. In this way, you can maintain normality in your operations, as well as offer updates to your smartphones at least until this summer.

As justified yesterday from the Department of Commerce, this license "will allow continuing operating Huawei mobile users and rural broadband networks," some of which have brand equipment.

Again and according to Reuters, Zhengfei claims that Huawei's 5G will not be affected. He also points out that other competitors maybe 2 to 3 years behind technologically and that the US government has underestimated Huawei's capabilities.

After the order issued last Friday by the executive who directs Donald Trump, the events have happened quickly. At the final hour this Sunday it was known that Google applied the veto to the telecommunications giant, to which the most crucial chip manufacturers added themselves hours later to finally extend a temporary license. In any case, the conflict comes from far and is inserted in the development of a commercial war between both powers, with a whole chronology of exchanges in the last year and a half.

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