EU restrictions on Huawei will not have an impact, says founder

Huawei founder Ren Zhengfei was confident that Washington’s restrictions on technology sales to the company will have little impact, and said the Chinese tech giant is talking to Google about “emergency relief measures” to possible service losses in their smartphones.

Huawei Technologies Ltd., the largest manufacturer of networking equipment for telephone companies, has ” supply reserves” if it loses access to US chips, Ren Zhengfei said.

“These controls will have no impact on this company or the development of the new generation of communications technology, although some low-cost firms could be affected,” stated Ren Zhengfei, founder of Huawei.

Huawei has developed its own processors for some cell phones and other products, but it depends on US suppliers for more advanced components.

Google did not offer details on what services might be restricted, but the company may not be able to transfer hardware or software directly to Huawei, which could have repercussions on maps or other services that require the support of the US firm.

Bill Stern

I have over 30 years of technical analysis and day trading experience, and worked for a major hedge fund for most of my career before branching out to trade on my own.

Mailing address: 3441 Dennison Street, WEST LIBERTY OH 43357
Ph: 209-491-1010
Email: [email protected]
Bill Stern

About Bill Stern

I have over 30 years of technical analysis and day trading experience, and worked for a major hedge fund for most of my career before branching out to trade on my own. Mailing address: 3441 Dennison Street, WEST LIBERTY OH 43357 Ph: 209-491-1010 Email: [email protected]

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