Exclusive: Huawei CEO Ren Zhenfei's full interview with Yahoo Finance
Huawei, the tech giant at the center of the U.S.-China trade war, has been under suspicion for its ties to the Chinese government and concerns that its telecom equipment can be used to spy.
Back in 2012, the U.S. banned companies from using Huawei networking gear, and in May 2019 Huawei was blacklisted from U.S. communications networks along with being added to the U.S. Department of Commerce’s Bureau of Industry and Security Entity List. This follows an executive order from President Donald Trump.
Huawei CEO Ren Zhengfei sat down with Yahoo Finance’s Akiko Fujita in an exclusive interview from his company's headquarters in Shenzhen, China. He argued that the U.S. decision to shut out his company is actually a grave mistake that will backfire.
“The U.S. is abandoning 5G,” Ren said. “Even if they have supercomputers and super large-capacity connections, the U.S. might still fall behind because they don't have super-fast connections. All three of these things are indispensable. That’s the reason a new breaking point will appear. That will leave the U.S. behind. Shutting Huawei out today is the start of the U.S. falling behind.”
For more on this exclusive interview with Huawei CEO Ren Zhenfei click:
https://finance.yahoo.com/news/huawei-ceo-ren-zhengfei-full-interview-yahoo-finance-transcript-123000495.html
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Видео Exclusive: Huawei CEO Ren Zhenfei's full interview with Yahoo Finance канала Yahoo Finance
Back in 2012, the U.S. banned companies from using Huawei networking gear, and in May 2019 Huawei was blacklisted from U.S. communications networks along with being added to the U.S. Department of Commerce’s Bureau of Industry and Security Entity List. This follows an executive order from President Donald Trump.
Huawei CEO Ren Zhengfei sat down with Yahoo Finance’s Akiko Fujita in an exclusive interview from his company's headquarters in Shenzhen, China. He argued that the U.S. decision to shut out his company is actually a grave mistake that will backfire.
“The U.S. is abandoning 5G,” Ren said. “Even if they have supercomputers and super large-capacity connections, the U.S. might still fall behind because they don't have super-fast connections. All three of these things are indispensable. That’s the reason a new breaking point will appear. That will leave the U.S. behind. Shutting Huawei out today is the start of the U.S. falling behind.”
For more on this exclusive interview with Huawei CEO Ren Zhenfei click:
https://finance.yahoo.com/news/huawei-ceo-ren-zhengfei-full-interview-yahoo-finance-transcript-123000495.html
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Видео Exclusive: Huawei CEO Ren Zhenfei's full interview with Yahoo Finance канала Yahoo Finance
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