|22 January, 2020

Huawei founder and CEO downplays the US ban at Davos 2020

Zhengfei added that Huawei has spent billions to prepare a “plan B,” which has allowed the company to survive the US entity ban.

Huawei founder and CEO downplays the US ban at Davos 2020

Zhengfei added that Huawei has spent billions to prepare a “plan B,” which has allowed the company to survive the US entity ban. “This year in 2020, since we already gained experience from last year and we got a stronger team, I think we are more confident that we can survive even further attacks,” he added.

The executive’s comments come at a time when Huawei leadership estimates that its global sales revenue will have topped USD122 billion in 2019, an increase of roughly 18% year-on-year.

Speaking at Davos, the CEO also made note of his respect for American companies and championed international cooperation. "Huawei used to be an admirer of the US, we learned a lot from them. We hired dozens of American consulting firms to learn how to manage our business. The US should feel proud of [Huawei], they have the US management system exported and implemented. They should not be overly concerned about Huawei and our position in the world."

Huawei was recently ranked fifth on the 2019 EU Industrial R&D Investment Scoreboard as one of the biggest investors in research and development worldwide. As a result of its R&D investment focus, Huawei has been able to lead the development of 5G technologies globally, and more than 700 cities and 228 Fortune Global 500 companies have chosen Huawei as their digital transformation partner.

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About Huawei

Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. With integrated solutions across four key domains – telecom networks, IT, smart devices, and cloud services – we are committed to bringing digital to every person, home and organization for a fully connected, intelligent world.

Huawei's end-to-end portfolio of products, solutions and services are both competitive and secure. Through open collaboration with ecosystem partners, we create lasting value for our customers, working to empower people, enrich home life, and inspire innovation in organizations of all shapes and sizes.

At Huawei, innovation focuses on customer needs. We invest heavily in basic research, concentrating on technological breakthroughs that drive the world forward. We have more than 180,000 employees, and we operate in more than 170 countries and regions. Founded in 1987, Huawei is a private company fully owned by its employees.

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