The Trump administration has added Huawei and 70 of its affiliates to its list of firms deemed threats to US national security. Photo: EPA

Trump’s Huawei ‘ban’ gives Asian tech firms 70 billion reasons to worry

  • The US move has sent Huawei’s suppliers scrambling to see how they will be affected, particularly those who rely on it as their main customer
  • More than half of the company’s core global suppliers are from Asia, and many see their shares tumble after the announcement
Topic |   Huawei

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The Trump administration has added Huawei and 70 of its affiliates to its list of firms deemed threats to US national security. Photo: EPA
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Ren Zhengfei, founder and CEO of Huawei, said US trade restrictions have no impact on the Chinese tech giant’s 5G plans. Photo: AP

Huawei founder Ren Zhengfei says clash with the US was ‘inevitable’

  • Huawei CEO said he foresaw the confrontation with Washington because its aim to be global leader threatened US interests
  • Ren Zhengfei said US trade restrictions have no impact on Huawei’s 5G plans as rivals cannot catch up within two to three years
Topic |   US-China tech war

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Ren Zhengfei, founder and CEO of Huawei, said US trade restrictions have no impact on the Chinese tech giant’s 5G plans. Photo: AP
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