Huawei’s CEO Ren Zhengfei has pledged to stick to a globalization strategy despite external pressure calling on the new US Administration to come up with more open policies that are in the interests of US companies and the US economy as a whole.
“Trade benefits both sides. Allowing US companies to supply goods to Chinese customers is conducive to their own financial performance. If Huawei’s production capacity expands, US companies could us sell more. It’s a win-win situation. I believe the new administration will weigh these interests as they consider their policies,” said Ren.
Ren stated that Huawei creates value to the whole ecosystem and wider economy. He cited the example that Huawei has built 5G networks in many cities in Europe, Asia and Middle East, and its networks in Europe top global network performance tests, benefiting all the users on those networks.
“The fact high-end users can use the iPhone 12 to its fullest effect on our 5G networks in Europe is a testament to the quality of our networks,” said Ren.
“As humanity keeps making progress, no company can develop a globalized industry alone. It requires concerted efforts around the world,” Ren added.
The United States government has been campaigning against Huawei in the past two years alleging Huawei’s equipment could be used to spy on Americans, without presenting any evidence. Huawei has repeatedly denied the claims, and few other countries have given in to US pressure, with most focusing on ensuring all vendors meet technical standards to security.
He added that they have found new and more ways to overcome their challenges. Their sales revenue and profits in 2020 were higher than the previous years.
Enabling digital transformation for industries
Ren said new strategies include research and development and growing deeper roots in vertical industries around the world to enable the digital transformation with its Huawei’s core ICT capabilities. Ren said the Intelligent Mining Innovation Lab would result in better services for mines with 5G.
“By supporting the mining industry, we can grow our business and support more efficient and safer production in mines. We can also enable coal mine workers to ‘wear suits and ties’ at work” Ren said. “In the 5G era, connecting businesses is the main goal. There are many industries that we are not too familiar with, like airports, ports, coal mining, iron and steel production, automotive manufacturing, and aircraft manufacturing. That’s why we built joint labs to learn more about the needs of these industries.”
Huawei’s business results for the first nine months of the year 2020 showed that, revenue totaled 671.3 billion yuan ($98.57 billion), up 9.9% from that of the same period in 2019.
“We’ll continue serving our customers well by creating more value for them. We want them to have lasting faith in us, and we hope that they won’t sway because of political pressure,” concluded Ren.