Latest Ren Zhengfei News

Facing US ban, Huawei emerging as stronger tech competitor

Sep. 17, 2019 6:12 AM EDT

SHENZHEN, China (AP) — Long before President Donald Trump threatened to cut off Huawei's access to U.S. technology, the Chinese telecom equipment maker was pouring money into research that reduces its need for American suppliers. Huawei's founder says instead of crippling the company, the export curbs are...

In his words: Huawei CEO says company will not be crushed

Aug. 21, 2019 6:48 AM EDT

SHENZHEN, China (AP) — Huawei founder and CEO Ren Zhengfei said that U.S. restrictions on access to technology would not defeat the Chinese telecom equipment maker and that the United States and Australia should hold off on buying Huawei's 5G network gear if they fear it is a security risk. The U.S. has...

Asian stocks follow Wall Street lower before US Fed release

Aug. 21, 2019 12:18 AM EDT

BEIJING (AP) — Asia stock markets followed Wall Street lower Wednesday as investors looked ahead to a speech by the Federal Reserve chairman for signs of possible plans for more U.S. interest rate cuts. Benchmarks in Tokyo, Shanghai and Australia declined while South Korea advanced. U.S. stocks fell...

AP Explains: US sanctions on Huawei bite, but who gets hurt?

Aug. 20, 2019 3:39 PM EDT

Chinese technology giant Huawei has yet to feel the full force of U.S. sanctions due to temporary exemptions and other uncertainties. Nonetheless, Huawei founder Ren Zhengfei says he expects no permanent relief because of the political climate in Washington. In an interview with The Associated Press, he also...

Huawei expects no relief from US sanctions but is confident

Aug. 20, 2019 12:29 PM EDT

SHENZHEN, China (AP) — The founder of Chinese tech giant Huawei said Tuesday he expects no relief from U.S. export curbs because of the political climate in Washington but expressed confidence the company will thrive because it is developing its own technology. Ren Zhengfei also said he doesn't want relief...

10 Things to Know for Today

Aug. 20, 2019 9:57 AM EDT

Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. WITH EYES ON 2020, WHITE HOUSE INSISTS ECONOMY IS STRONG Despite record low unemployment and a growing economy, that growth is slowing and stock markets have swung wildly in recent weeks on fears of...

Global shares mixed after Wall Street rally on Huawei

Aug. 20, 2019 8:08 AM EDT

TOKYO (AP) — Global shares were mixed Tuesday after rallying a day earlier on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. Markets around the world have been swinging back and forth for months on incremental developments in the U.S.-China...

Huawei says sales up 23% despite US controls

Jul. 30, 2019 6:58 AM EDT

BEIJING (AP) — Huawei's sales rose by double digits in the first half of this year despite being blacklisted by Washington and its chairman, saying U.S. pressure has "galvanized our people," expressed confidence Tuesday the Chinese tech giant will "enter a new period of growth." Huawei Technologies Ltd.,...