The founder of Huawei announced the transfer of investments from the US to Russia

US businesses have to endure falling earnings and delays triggered by numerous United States federal government constraints on Chinese telecom giant Huawei Technologies.

“After the United States blacklisted us, we transferred our investments from America to Russia, increased financial investments in the Russian economy, expanded the team of Russian scientists, and raised their salaries,” said Huawei founder and owner Ren Zhengfei during sees to significant Chinese universities in July. This was announced by the official WeChat account of Shanghai University on Sunday. Huawei is not just the world’s biggest maker and seller of telecom equipment but likewise exceeded Samsung in the production of smart devices in the 2nd quarter.

However, the company has become a pawn in the terrific geopolitical video game between the United States and China. Washington declared war on Huawei in 2015. The current restriction on the Chinese giant’s access to the US semiconductor market was especially painful. The head of the business’s customer service, Richard Yu Chengdong, admitted, writes the South China Morning Post (SCMP), that due to US sanctions, it is extremely likely that Huawei will not be able to send pipes with cool Kirin chips as early as next year. At a summit in Qingdao last weekend, Yu worried that the company continues to “search for a way to get around the United States chip ban.”

Ren said in his speech to trainees of significant Chinese universities: “If you wish to be strong, you need to gain from everyone, consisting of opponents.” Ren himself does not hide that, developing Huawei, he adopted all the best and helpful things from the Americans.

Regardless of his statement that “American politicians wish to damage Huawei,” he claims that he does not dislike the United States. “Regardless of everything,” he stressed in a speech to students, “we will never hate the United States. This (struggle with Huawei) is just the impulse of private politicians and has absolutely nothing to do with American business, American schools, and American society.

“In addition to moving investments to other countries, in the strategies of Huawei to overcome the present crisis, composes the Financial Times, also pays more attention and strength to the “cloud” service. For That Reason, Ren Zhengfei back in January of this year related the cloud department, which still has access to American chips, with the company’s primary divisions, which produce mobile phones and telecommunications equipment. Semiconductor providers, which also suffer losses from the sanctions, are asking the Trump administration to loosen up a minimum of the most recent limitations.

For instance, one of the leaders in the chip market, Qualcomm, for which the Chinese company is the main buyer, is trying to get authorization to resume shipments. The Taiwan-based MediaTek has also asked the United States authorities to certify it to continue providing Huawei chips. Until they can take pride in their successes, the White Home is not all set to make concessions.

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