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Huawei CEO Sees Little Impact on Sales from US Broadside

Ren Zhengfei reiterated that the Chinese telecom equipment maker had not violated any law

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Huawei, CEO, Sales, US Broadside
FILE - Ren Zhengfei, founder and CEO of Huawei, gestures during a meeting with reporters in Shenzhen city, south China's Guangdong province, Jan. 15, 2019. VOA

Huawei Technologies’ founder and chief executive said Saturday that the growth of the Chinese tech giant “may slow, but only slightly,” because of recent U.S. restrictions.

In remarks to the Japanese press and reported by Nikkei Asian Review, Ren Zhengfei reiterated that the Chinese telecom equipment maker had not violated any law.

“It is expected that Huawei’s growth may slow, but only slightly,” Ren said in his first official comments after the U.S. restrictions, adding that the company’s annual revenue growth might undershoot 20%.

On Thursday, Washington put Huawei, one of China’s biggest and most successful companies, on a trade blacklist that could make it extremely difficult for Huawei to do business with U.S. companies. China slammed the decision, saying it would take steps to protect its companies.

Trade, security issues

The developments surrounding Huawei come at a time of trade tensions between Washington and Beijing and amid concerns from the United States that Huawei’s smartphones and network equipment could be used by China to spy on Americans, allegations the company has repeatedly denied.

Sri Lanka, Hardline Buddhist Groups
FILE – Huawei’s Meng Wanzhou leaves her family home flanked by private security in Vancouver, British Columbia, May 8, 2019. VOA

A similar U.S. ban on China’s ZTE Corp. had almost crippled business for the smaller Huawei rival early last year before the curb was lifted.

The U.S. Commerce Department said Friday that it might soon scale back restrictions on Huawei.

Ren said the company was prepared for such a step and that Huawei would be “fine” even if U.S. smartphone chipmaker Qualcomm Inc. and other American suppliers would not sell chips to the company.

Huawei’s chip arm HiSilicon said Friday that it had long been prepared for the possibility of being denied U.S. chips and technology, and that it was able to ensure a steady supply of most products.

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The Huawei founder said that the company would not be taking instructions from the U.S. government.

“We will not change our management at the request of the U.S. or accept monitoring, as ZTE has done,” he said.

In January, U.S. prosecutors unsealed an indictment accusing the Chinese company of engaging in bank fraud to obtain embargoed U.S. goods and services in Iran and to move money out of the country via the international banking system.

Ren’s daughter, Huawei Chief Financial Officer Meng Wanzhou, was arrested in Canada in December in connection with the indictment. Meng, who was released on bail, remains in Vancouver and is fighting extradition. She has maintained her innocence.

Ren has previously said his daughter’s arrest was politically motivated. (VOA)

Next Story

Huawei Unveils GT2 Smartwatch With Bluetooth Calling in India

The smartwatch will be available across Flipkart, Amazon India, Croma and other retail stores

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GT2
According to the company, the Huawei Watch GT2 can operate continuously for up to two weeks with both the intelligent heart rate monitor and call notification functions turned on. Wikimedia Commons

Huawei Consumer Business Group India on Thursday launched its much-anticipated Huawei Watch GT2 with two weeks of battery life, Bluetooth calling and in-device music in the country in 42mm variant (with 1.2 inch AMOLED display) and 46mm variant (with 1.39 inch AMOLED display).

The Huawei Watch GT2 46mm Sport (Black) has been launched for Rs 15,990, 46mm (Leather) for Rs 17,990 and 46mm (Metal) for Rs 21,990.

In terms of heart rate monitoring, the user will be notified if heart rate is above 100bpm or below 50bpm for more than 10 minutes. The watch is also powered with sleep monitoring function.

“This versatile smartwatch Huawei Watch GT2 further underlines our focus on health and fitness and help our customers manage it better. The watch scientifically monitors heart rate, physical activities and sleep pattern with help of accurate positioning feature,” Tornado Pan, Country Manager (Huawei Brand), Consumer Business Group, Huawei India, said in a statement.

The watch is equipped with Huawei’s proprietary Kirin A1 chipset to improve battery life. There’s also a super AMOLED display with 3D glass screen.

The chip essentially integrates an advanced Bluetooth processing unit, a powerful audio processing unit, an ultra-low power consumption application processor and a separate power management unit.

GT2
Huawei Consumer Business Group India on Thursday launched its much-anticipated Huawei Watch GT2 with two weeks of battery life, Bluetooth calling and in-device music in the country in 42mm variant. Wikimedia Commons

According to the company, the Huawei Watch GT2 can operate continuously for up to two weeks with both the intelligent heart rate monitor and call notification functions turned on.

The smartwatch will be available across Flipkart, Amazon India, Croma and other retail stores.

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Prospective buyers can book the watch from December 12-18 and get a Huawei Freelace worth Rs 6,999 for free.

However, they will be required to make the full payment for the watch at the time of booking the device. (IANS)