US Ban Has Been Positive for Huawei, Says CEO Ren Zhengfei
Contrary to conventional wisdom, the CEO and founder of Huawei, Ren Zhengfei, has claimed that the United states of america-imposed ban has been a internet positive for the company. Talking to reporters in Red china recently, Zhengfei said the ban has helped the employees shake off whatever self-approbation that might have been built-upwards over the past few years, and has encouraged them to work even harder to mitigate some of the business risks brought about by the ban.
Co-ordinate to him, their hard work is already bearing fruit, seeing as the company'south total revenues jumped well-nigh 25 percent in the starting time iii quarters of 2019. Either mode, with trade tensions between the ii countries showing some signs of a thaw in recent weeks, the US government has started lifting the ban on some Chinese entities on a instance-by-case ground. That beingness the example, it will exist interesting to see if Huawei will be fully removed from the blacklist at some stage going forward.
In example y'all don't know information technology already, the Trump administration earlier this twelvemonth imposed far-reaching sanctions on the company as part of a bruising US-China merchandise war that has left industries in both countries reeling. Officially, the administration says the ban is based on intelligence reports that allege the company's applied science contains malicious lawmaking that would enable Cathay to spy on other countries, although, in that location'southward no proof to substantiate those allegations.
Huawei, on its function, has steadfastly denied those allegations, saying its products and services does not contain any spyware or subconscious 'backdoors' that volition compromise the privacy of its users. In fact, the company recently even offered to share the source code of its software with the Indian government to testify that there'south no malicious code in its technology. "If (the Indian) government wants, we are open to having the source codes in an escrow account", said the visitor's India caput, Jay Chen, to the Reuters recently.
Featured Image Courtesy: Cn Beta
Source: https://beebom.com/us-ban-positive-huawei-ceo-ren-zhengfei/
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