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Huawei founder Ren Zhengfei today said the U.S. underestimated his company's capabilities after Washington blocked the Chinese telecom giant from using American suppliers and technologies amid a bitter trade war.
The 75-year-old entrepreneur, worth $1.7 billion, said his company was fully prepared to face the ban from the Trump administration, but thanked his American business partners for helping Huawei grow along the years.
Owner - World - Smartphone - Maker - Family
The owner of the world's second largest smartphone maker however admitted that his family actually preferred the products from its competitor Apple as they use iPhones instead of Huawei handsets.
Ren made the remarks while speaking to a group of Chinese reporters in Huawei's headquarters in Shenzhen this morning.
Interview - Ren - President - Donald - Trump
It is the first interview Ren has received since President Donald Trump last week issued orders to block Huawei and its 68 affiliations from buying key parts and components from American companies without special approval.
Google, whose Android operating system powers most of the world's smartphones, has also said it would cut ties with Huawei as a result of the ban - a move that analysts say could spell 'the beginning of the end' for Huawei.
US - Yesterday - Implementation - Ban - Days
The U.S. said yesterday it would delay implementation of the ban for 90 days.
Previously, Washington has claimed that Huawei's gear could be used by China to spy on Americans - allegations Huawei has repeatedly denied.
Addition - Ren - Daughter - Meng - Wanzhou
In addition, Ren's daughter Meng Wanzhou, the CFO of Huawei, was arrested in Canada in December and is facing criminal charges in the U.S.
Meng, widely considered as Ren's heiress, is accused of using a Hong Kong shell company to sell equipment to Iran in violation of U.S. sanctions. Huawei has denied the accusation.
Today - Interview - Ren - Situation - US
During today's interview, Ren said the situation with the U.S. should not fan up nationalism.
He said 'conflicts' between Huawei and the U.S. were inevitable because...
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