Thu. Mar 23rd, 2023

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

According to the transcript posted by Shanghai Jiao Tong University, Huawei founder Ren Zhengfei mentioned 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 it items. He mentioned production of circuit boards had “stabilized.”

The remarks, which Reuters could not independently confirm, offered a window into Huawei’s efforts to bounce back from U.S. trade restrictions. Due to the fact 2019, Huawei, a key 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 authorities on Feb. 24, the university mentioned. 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 mentioned Huawei invested $23.eight billion in R&ampD in 2022, and “as our profitability improves, we’ll continue to raise R&ampD spending.”

The reports come just after analysts mentioned that Huawei showed off 5G telecommunications gear at an market conference in Barcelona in which all of the chips on its circuit boards had their origins obscured.

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

Our Requirements: The Thomson Reuters Trust Principles.

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