Chief Executive Officer, Huawei Technologies Company Limited, Ren Zhengfei, has pledged to stick to a globalisation strategy despite external pressure, urging the current United States administration to propose more open policies in the interest of companies and its economy.
Ren reiterated this at a press briefing in China, after launching the ‘Intelligent Mining Innovation Lab’, according to a statement made available to Financial Street on Sunday.
“Trade benefits both sides. Allowing U.S. companies to supply goods to Chinese customers is conducive to their own financial performance. If Huawei’s production capacity expands, U.S. companies could sell more. It’s a win-win situation. I believe the new administration will weigh these interests as they consider their policies,” said Ren.
The CEO stressed that the company created value to the whole ecosystem and wider economy, citing Huawei’s 5G networks in many cities in Europe, Asia and Middle East, adding that its networks in Europe top global network performance tests, benefiting the users.
“The fact that high-end users can use the iPhone 12 to its fullest effect on our 5G networks in Europe is a testament to the quality of our networks,” said Ren. “As humanity keeps making progress, no company can develop a globalized industry alone. It requires concerted efforts around the world.”
The U.S. government has been campaigning against Huawei in the past two years, alleging that its equipment could be used to spy on Americans, though without any evidence.
Huawei has repeatedly denied the claims, and few other countries have given in to the U.S. pressure, with most focusing on ensuring that all vendors meet technical standards to security.
Noting that he was even more confident about Huawei’s survival than before, Ren said, “We have found new and more ways to overcome our challenges. Our sales revenue and profits in 2020 were higher than the previous years.”
He disclosed that new strategies include research and development and growing deeper roots in vertical industries around the world to enable the digital transformation with Huawei’s core Information and Communications Technology capabilities.
“By supporting the mining industry, we can grow our business and support more efficient and safer production in mines. We can also enable coal mine workers to ‘wear suits and ties’ at work.
“In the 5G era, connecting businesses is the main goal. There are many industries that we are not too familiar with, like airports, ports, coal mining, iron and steel production, automotive manufacturing, and aircraft manufacturing. That’s why we built joint labs to learn more about the needs of these industries,” he added.
Huawei’s business results for the first nine months of 2020 showed that revenue totalled $98.57bn, up 9.9 per cent from that of the same period in 2019, Financial Street gathered.
“We’ll continue serving our customers well by creating more value for them. We want them to have lasting faith in us, and we hope that they won’t sway because of political pressure,” Ren stated.
