US companies have to put up with falling revenues and delays caused by multiple US government restrictions on Chinese telecom giant Huawei Technologies.
вЂњAfter the United States blacklisted us, we transferred our investments from America to Russia, increased investments in the Russian economy, expanded the team of Russian scientists, and raised their salaries,вЂќ said Huawei founder and owner Ren Zhengfei during visits to major Chinese universities in July.
This was announced by the official WeChat account of Shanghai University on Sunday.
Huawei is not only the world's largest manufacturer and seller of telecommunications equipment, but also surpassed Samsung in the production of smartphones in the second quarter. However, the company has become a pawn in the great geopolitical game between the United States and China.
Washington declared war on Huawei last year. The latest ban on the Chinese giant's access to the US semiconductor market was particularly painful.
The head of the company's consumer business, Richard Yu Chengdong, admitted, writes the South China Morning Post (SCMP), that due to US sanctions, it is highly likely that Huawei will not be able to send pipes with cool Kirin chips as early as next year.
At a summit in Qingdao last weekend, Yu stressed that the company continues to вЂњlook for a way to get around the US chip ban.вЂќ
Ren said in his speech to students of major Chinese universities: вЂњIf you want to be really strong, you need to learn from everyone, including enemies.вЂќ Ren himself does not hide that, creating Huawei, he adopted all the best and useful things from the Americans.
Despite his statement that вЂњAmerican politicians want to destroy Huawei,вЂќ he claims that he does not hate the US. вЂњDespite everything,вЂќ he stressed in a speech to students, вЂњwe will never hate the United States. This (struggle with Huawei) is just the impulse of individual politicians and has nothing to do with American business, American schools, and American society. вЂњ
In addition to transferring investments to other countries, in the plans of Huawei to overcome the current crisis, writes the Financial Times, also pays more attention and strength to the вЂњcloudвЂќ business. Therefore, Ren Zhengfei back in January of this year equated the cloud division, which still has access to American chips, with the company's main divisions, which produce smartphones and telecommunications equipment.
Semiconductor suppliers, which also suffer losses from the sanctions, are asking the Trump administration to loosen at least the latest restrictions. For example, one of the leaders in the chip market, Qualcomm, for which the Chinese company is the main buyer, is trying to get permission to resume shipments.
The Taiwan-based MediaTek has also asked the US authorities to license it to continue supplying Huawei chips. Until they can boast of their successes, the White House is not ready to make concessions.