Wednesday, July 24, 2019
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Yahoo Finance’s exclusive interview with Huawei CEO
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 it 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. decisions to shut out his company is actually a grave mistake that will backfire. Read the full transcript