‘There will be conflict’: US has underestimated Huawei, says founder

Ren Zhengfei said his company was fully prepared to face US bans on key components following new trade restrictions caused by Donald Trump’s declaration of a national economic emergency last week

“The current practice of US politicians underestimates our strength,” Ren told Chinese media on Tuesday. Half of chips used in Huawei equipment come from the US and the other half are made by the Chinese company, according to Ren. The Chinese company’s top executive in the UK, Jeremy Thompson, said the US move against Huawei was a “cynically timed” blow in the escalating trade war.

Source: www.theguardian.com