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Tuesday, April 30, 2024

Huawei CEO hopes for reset with US from Biden administration

Huawei has been squeezed by US sanctions, which have hammered its supply chain.

TAIYUAN, China: The CEO and founder of Chinese telecom giant Huawei called Tuesday for a reset with the United States under President Joe Biden, after the firm was battered by sanctions imposed by Donald Trump’s administration.

In his first appearance before journalists in a year, Ren Zhengfei said his “confidence in Huawei’s ability to survive has grown” despite its travails across much of the western world where it is maligned as a potential security threat.

The comments come as the firm struggles under rules that have effectively banned US firms from selling it technology such as semiconductors and other critical components, citing national security concerns.

Insisting that Huawei remained strong and ready to buy from US…

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