Washington put Huawei, one of China’s largest technology companies, on a commercial blacklist last Thursday. After the US sanctions, Huawei founder Ren Zhengfei said that due to this move by the US, the growth of the Chinese technology giant may slow down, but it will not be too big.
In his statements to the Japanese press, Ren Zhengfei, who criticized the US sanctions, reiterated that his company did not break any laws. The founder of the company stated that they refused to surrender in the face of US sanctions. “We will not change our management according to the wishes of the United States or agree to be observed as ZTE does,” Zhengfei said.
Ren stated that the company is prepared for such moves and that even if US smartphone chip manufacturers such as Qualcomm do not sell chips to Huawei, the company will be in good shape. The US Department of Commerce prohibited Chinese firms from purchasing technology or components from American firms without the consent of the US government.
In addition, US President Donald Trump has also banned US companies from using telecom equipment of companies that pose a national security risk.