What’s new: Facing U.S. sanctions and an increasingly challenging external environment, Huawei Technologies Co. Ltd. “will grow more prosperous despite mounting difficulties,” Ren Zhengfei, founder of the telecommunications equipment giant, said in an interview.
Ren made the remarks during a July interview with Liu Yadong, the former editor-in-chief of Science and Technology Daily, who published it on Thursday on his personal WeChat account. The daily is an official publication of the Ministry of Science and Technology.
If China can establish its own system of technological standards, it will be better than that developed by the U.S., which has been around for more than 50 years and has been mended over and over, and is a patchwork of repairs, Ren said in the interview.
China has been creating new things and will set new standards that will be adopted by the whole world, he said.
The background: In late August, Huawei launched a new smartphone that is said to be powered by a self-developed chip that can rival the speed of 5G handsets, fueling speculation that the company has been able to weather U.S. sanctions and still produce advanced chips.
Huawei has been the target of rounds of U.S. sanctions restricting its access to advanced chips made with U.S. equipment or technology, ultimately forcing the company to switch to 4G mobile chips in 2021 after emptying its 5G chip inventory.
Contact reporter Zhang Yukun (yukunzhang@caixin.com)
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