Bangkok--22 Aug--Francom Asia
The Entity list doesn't have much impact on Huawei. Most of the company's advanced equipment does not contain US components, but are more efficient than before, Huawei founder and CEO Ren Zhengfei said during a recent interview.
The US Commerce Department on Monday extended a reprieve given to Huawei that permits the Chinese firm to buy products and services from US companies so that it can service existing customers.
The Chinese company responded that the decision won't have a substantial impact on Huawei's business, and they will continue to focus on developing the best possible products and providing the best possible services to our customers around the world.
"First of all, please note that adding us to the Entity List was not fair. Huawei has not done anything wrong, but was still placed on this list," said Mr. Ren during a recent interview with Sky News.
"Most of our more advanced equipment does not contain US components, despite the fact that we used their components in the past. These newest versions of our equipment even function 30% more efficiently than before," Ren said, "We will be able to produce 600,000 5G base stations this year and at least 1.5 million next year. That means we don't need to rely on US companies for our survival in this area."
"Despite this, we will always embrace US companies. As long as they can continue to supply to us, we will continue to buy their components in bulk," he added, "We believe globalization benefits everyone, so we won't adopt a closed approach even if we can make some components ourselves.
The CEO revealed that some US companies have already restarted their sales to Huawei, and the size of Chinese firm's orders never shrinks.
"Without Trump's publicity, many people around the world would not have realized that Huawei's products are so advanced. So it is Trump that has created more market opportunities for us," Ren Zhengfei said on Trump's capricious comments on the Chinese company.
Statistics showed that, in recent months, visits by carriers to Huawei facilities had increased by 49%. "They wanted to check whether we would be able to continue supplying to them. When they found out that our products don't need to contain US components, they became reassured and placed large orders," Ren said.
In the first half of 2019, Huawei's revenue reached CNY401.3 billion, a 23.2% increase over the same period last year.
"Our company has no desire for anything other than delivering better products and getting our work done. We have only one goal and always stay focused. We believed that decades of heavy investment in one area would ultimately make us a leader," said Ren Zhengfei.