Business & Investment

Huawei’s founder praises US technology in the first words from the company since Reuters took office as Biden

© Reuters.Huawei founder Ren Zhengfei participates in a panel discussion at Shenzhen headquarters

David Carton

Shenzhen, China (Reuters)-The United States is still an emulated “technology beacon,” China’s Huawei Technology needs to consider reducing products in response to US action, founder of a Chinese company Ren Zhengfei said in a statement released on Friday.

Len’s comment in a letter to staff dated June last year was first shared on the company’s bulletin board, with the first public language from the company since Joe Biden became president from Donald Trump. became.

Huawei remains largely silent about its outlook under the Biden administration after being subject to several sanctions under Trump, who said Huawei’s equipment poses a security risk. The company has denied the claim.

In a farewell shot on Monday, the Commerce Department told semiconductor makers that it would refuse or revoke licenses for companies, including chip makers. Intel Corp (NASDAQ :) People familiar with the issue told Reuters to sell the product to Huawei.

According to Len’s letter, U.S. action has made Huawei “a major mismatch between our strategy and capabilities, and the company is reassessing some product lines and considering reducing unproductive products and staff. You need to do it. “

The letter was released after former Huawei subbrand Honor announced new supply partnerships with major chip companies such as Intel and Qualcomm (NASDAQ :), which were previously inaccessible due to a proceeding against U.S. parents. It was posted.

Huawei sold Honor to a consortium of agents and dealers in November to regain access to the chip.

Len’s letter also said the company would not change its salary system for the next three to five years, but hundreds of senior executives were voluntarily demoted.

Analysts said the company needed a pardon from Washington to revive its deadlocked phone and 5G infrastructure business, but the letter did not specifically mention the Biden administration.

“The United States remains a sign of world technology, and we must learn as much as we can from advanced people,” Ren said.

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Huawei’s founder praises US technology in the first words from the company since Reuters took office as Biden

https://www.investing.com/news/stock-market-news/huawei-founder-praises-us-tech-in-first-word-from-company-since-biden-inauguration-2395985 Huawei’s founder praises US technology in the first words from the company since Reuters took office as Biden

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