(Yicai Global) May 21 -- Huawei Technologies founder Ren Zhengfei has dismissed a three-month delay to a US trade blacklisting of China's biggest technology company, saying Huawei is ready to face the curbs.
The 90-day reprieve, announced yesterday, has little meaning for Huawei as the US move against the company will not affect its fifth-generation mobile network business or lead to a sales decline, Ren told Yicai Global at a press conference.
The US government said it would give Shenzhen-based Huawei more time to adjust to the curbs so that the company can maintain its existing networks and handset software. On May 15, the Trump administration put Huawei on a list of companies that US firms cannot do business with without a license.
China has succeeded in taking the lead in 5G and no other party will be able to catch up with Huawei over the next two or three years, according to Ren, who is also the company's chief executive officer.
Sales have not fallen due to recent developments in the US, although the growth rate will likely slow, Ren said. The firm still has a great mass production capacity and its supply chain will not be harmed, he added.
Many small US firms make cutting-edge products, and China can learn from these US technologies, Ren said, admitting that a large disparity still exists between China and the US.
Ren thanked US partners for their significant contributions to Huawei. Many of the company's consultants are from US firm, he added.
Editor: Emmi Laine