Huawei’s CEO wants an open policy from Biden

Huawei founder and CEO RenZhengfei has expressed his wish to reset the business relations with the US under Biden’s administration. Speaking to international media in China, he hoped for a new open policy that would allow it to do business in the US and other countries. Earlier, the Trump Government had imposed sanctions on Huawei, forbidding it to do business with other major economies of the world as well.

“I would welcome such phone calls, and the message is around joint development and shared success,” Ren said in officially interpreted comments reported by CNBC, AFP, and the South China Morning Post. “The US wants to have economic growth, and China wants to have economic growth as well. If Huawei’s production capacity can be expanded, that would mean more opportunities for US companies to supply too,” Ren continued. “I believe that’s going to be mutually beneficial. I believe that the new administration would bear in mind such business interests as deciding their new policy. We still hope that we can buy large volumes of American materials, components, and equipment so that we can all benefit from China’s growth.”

There were also rumors that Huawei would sell off its smartphone subsidiary, Honor, to protect it from sanctions, but Ren dismissed all the rumors. “We have decided we absolutely will not sell off our consumer devices, our smartphone business,” he said.Ren also said that iPhones are the best premium smartphones globally, and Huawei is not there to compete with them; instead, it wishes to build superior 5G networks for them.Huawei is already known for its low-cost network equipment.