Huawei has replaced thousands of U.S.-banned components in its items, founder says

March 17 (Reuters) – Huawei Technologies Co Ltd has replaced extra than 13,000 components in its items that had been hit by U.S. trade sanctions, the Chinese tech giant’s founder stated, according to a speech transcript posted on Friday by a Chinese university.

According to the transcript of the February speech posted by Shanghai Jiao Tong University, Ren Zhengfei stated Huawei had more than the previous 3 years replaced the 13,000 elements with domestic Chinese substitutes and had redesigned four,000 circuit boards for its items.

He stated production of circuit boards had “stabilized.”

The remarks, which Reuters could not independently confirm, supplied a window into Huawei’s efforts to bounce back from U.S. trade restrictions. Considering the fact that 2019, Huawei, a important supplier of gear utilised in 5G telecommunications networks, has been the target of successive rounds of U.S. export controls.

These controls reduce off each Huawei’s provide of chips from U.S. corporations and its access to U.S. technologies tools to style its personal chips and have them manufactured by partners. The Biden administration final year also banned the sale of new Huawei gear in the U.S.

Ren produced the remarks in a speak to Chinese technologies professionals on Feb. 24, the university stated. The university posted the transcript on its site on Friday. A U.S.-primarily based Huawei representative did not quickly respond to a request for comment on Friday.

Ren stated Huawei invested $23.eight billion in study and improvement in 2022, and “as our profitability improves, we’ll continue to raise R&ampD spending.”

The founder stated the corporation had constructed its personal enterprise resource arranging technique, referred to as MetaERP. To launch in April, it will assist run its core organization functions, such as finance, provide chain and manufacturing operations.

Ren stated Huawei has no plans to launch a rival to the wildly well known substantial language model AI ChatGPT, but stated Microsoft Corp (MSFT.O), the backer of the application’s developer OpenAI, would not be the only dominant player. He stated Huawei is focusing on getting the “underlying computing energy platform” of AI.

Reporting by Stephen Nellis in San Francisco and Krystal Hu in New York Editing by Cynthia Osterman and William Mallard

Our Requirements: The Thomson Reuters Trust Principles.

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