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4/17, 2:49 PM (Source: TeleTrader)
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Huawei CEO: US sees 5G like nuclear bomb

Ren Zhengfei, founder and chief executive officer of Huawei Technologies Co. Ltd., said in an interview published by Handelsblatt on Wednesday, that the United States "unfortunately" sees the 5G mobile internet technology of the latest generation as a "nuclear bomb," in terms of power it can yield to those who have control of it. "This assessment of things is not true," he stressed.

More generally, the US has to be able to accept the rise of other countries, unless it wants a "new Cold War," stated the executive. Asked whether there have been any adverse effects of Washington's pressure on Huawei, Zhengfei resolutely said "no," citing increases upwards of 30% in revenue and profit for the first quarter of this year. The company can only see significant effects in US-allied countries, as it has "virtually no sales on the US market," he added, with no plans to gain larger presence there.

A demise of Huawei, its CEO warned, would be a "threat to the whole world," as the company has around 90,000 patents worldwide and has already embedded itself in all sorts of industries. According to Zhengfei, US claims of Huawei installing "backdoor" spying equipment in its products are "just fairy tales," as the company would risk markets in over 170 countries with such a practice.

Breaking the News / NI