Ren informed Yahoo Finance that Huawei was not fully prepared to be added to the entity list. Huawei executives said smartphone sales fell as much as 40 percent in the first two weeks after the ban due to operating system concerns. However, according to Ren, the company is now "able to shake off its US reliance on core products."
According to Yahoo Finance, Ren believes that Huawei needs to be added to the entity list The US is trying to "stem Huawei's advanced technology." Trump's tweets reveal that the president has based his suspicions on the lawsuits filed by the Department of Justice in January and accused Huawei of stealing trade secrets and violating US sanctions against Iran.
Ren said the release did not believe the company was a security threat to the US. "We do not have any networks in the US, nor do we intend to sell our 5G products there," he said. "Trump has nothing to do with us, and he hopes to use Huawei as a trading chip, but China does not seem to buy it, does he?"
He went on to say that by locking Huawei's links, the US would lose more, Especially if "supercomputers" could still fall behind the US, because they have no super-fast connections, "Ren said Yahoo Finance ." The closure of Huawei is the beginning of the backlog of the US. "[19659002ThebanpreventsHuawei'saccesstoUStechnologybutitalsomeansthatUScompaniesmaylosetheprofitsoftheChinesecompanyandjobsintheUSarealsobeingcutUSresearchanddevelopmentsubsidiarywhichwantedtoinvest600millionUSdollarsinFuturewei
Despite all the problems between the US and his company Ren told Yahoo Finance he has confidence in the American legal system to solve the problems.
Ren recently spoke at an event titled "A Coffee with Ren" about the implications of the ban on Huawei's business. There he said that although the ban would cost the company $ 30 billion, his company would recover in the next few years after a "product changeover" was completed.
It's not clear what the rest of this saga will be, but it's obvious that Huawei is not retreating or shying away from a fight. The US has also eased the limits imposed on the company as the country approaches a ceasefire with China. Regardless of the outcome, this fight has at least highlighted the importance of cybersecurity in general and the fluctuating relationship between the two superpowers.