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5/17, 8:04 AM (Source: TeleTrader)
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Huawei's chip business claims it has backup plan

HiSilicon Technologies Co. Ltd. said on Friday that it is ready for access to sophisticated solutions to be blocked by the United States. The semiconductor arm of Huawei Technologies Co. Ltd., which has effectively been banned by the administration of President Donald Trump, revealed it drew up a contingency strategy several years ago. Teresa He Tingbo, the unit's president, stressed the focus is on the "strategic safety of most of" the portfolio, as quoted by the South China Morning Post.

She compared the endeavor with the Long March of the Red Army of the Communist Party of China in the 1930s to break away from the grip of the nationalist forces. The firm headquartered in Shenzhen has unveiled a smartphone operating system in March. The article adds it has been buying and storing crucial products from the US for nearly one year.

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