Huawei has increased investment in Russia because of US sanctions, founder Ren Zhengfei says
- Huawei still ‘trying to find a way to cope with the US ban on chips’, says the head of its consumer business group
- It is now focusing more on its budding cloud business, which still has access to US chips, according to Financial Times
Huawei has become a pawn in the great US-China power game
At a summit in the eastern Chinese city of Qingdao over the weekend, Yu said the company was still “trying to find a way to cope with the US ban on chips”, according to local reports.
In his comments to the universities last month, Ren said that Huawei would have to “remain on the path of self-improvement and open up” to survive. “If you want to be really strong, you must learn from everyone, including your enemies.”
Aside from investing more in other countries, Huawei’s plans to stay afloat also include focusing more on its budding cloud business, according to a Financial Times report on Sunday.
The company put its cloud computing unit, which still has access to US chips, on an equal footing with its smartphones and telecoms equipment businesses in January, according to the report.
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Huawei’s Ren Zhengfei says he drew on the best of US politics and business to found telecoms giant
And while Ren said that “some US politicians want Huawei dead”, he reiterated that the company harboured no ill will toward the country.
“No matter what, we will never hate the United States. It is only the impulse of some politicians, and does not represent American companies, American schools, and American society,” he said in a speech during his visit to the Chinese universities.