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Chinese technology giant Huawei has replaced thousands of product components banned by the United States with homegrown versions, its founder said in a recent speech in a Shanghai university, Agence France-Presse (AFP) reported.
Photo Insert: Founder Ren Zhengfei saying Huawei has replaced more than 13,000 components with domestic versions in the past three years.
A leading supplier of telecom gear, smartphones, and other advanced equipment, Huawei has been targeted by Washington in recent years over cybersecurity and espionage concerns.
The administration of former president Donald Trump effectively barred American companies from doing business with the firm, and his successor Joe Biden has imposed further sanctions including a ban on sales of new Huawei equipment in the US.
The moves have forced the firm to find new ways to obtain semiconductors and other parts, with founder Ren Zhengfei saying Huawei has replaced more than 13,000 components with domestic versions in the past three years, according to the transcript posted by Shanghai Jiao Tong University on Friday, Stephen Nellis and Krystal Hu also reported for Reuters.
