The US is underestimating Huawei, says founder Ren Zhengfei

Huawei founder Ren Zhengfei has downplayed the impact of the US executive order that could cripple Huawei’s ability to collaborate with American companies like Google and Qualcomm. In comments to Chinese media gathered at the company’s Shenzhen headquarters, reported on by the Global Times state newspaper, Ren says the 90-day extension to normal business relations granted by the US won’t make much difference to Huawei due to the company’s existing contingency plans.

“In such a critical moment, I’m grateful to US companies, as they’ve contributed a lot to Huawei’s development and showed their conscientiousness on the matter,” Ren says. “As far as I know, US companies have been making efforts to persuade the US government to let them…

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