Alongside the Huawei 17th annual Global Analyst Summit, the company also released a statement opposing the amendments made by the US Department of Commerce to its foreign direct product rule.
“Huawei categorically opposes the amendments made by the US Department of Commerce to its foreign direct product rule that target Huawei specifically,” according to the statement.
The statement further adds that the “US government added Huawei to the Entity List on May 16, 2019 without justification.”
“Since that time, and despite the fact that a number of key industrial and technological elements were made unavailable to us, we have remained committed to complying with all US government rules and regulations. At the same time, we have fulfilled our contractual obligations to customers and suppliers, and have survived and forged ahead against all odds.
Nevertheless, in its relentless pursuit to tighten its stranglehold on our company, the US government has decided to proceed and completely ignore the concerns of many companies and industry associations.”
“This decision was arbitrary and pernicious, and threatens to undermine the entire industry worldwide. This new rule will impact the expansion, maintenance, and continuous operations of networks worth hundreds of billions of dollars that we have rolled out in more than 170 countries.
According to Huawei it will have an impact on communications services for the more than 3 billion people who use their products and services worldwide.”
“It will also impact communications services for the more than 3 billion people who use Huawei products and services worldwide. To attack a leading company from another country, the US government has intentionally turned its back on the interests of Huawei’s customers and consumers. This goes against the US government’s claim that it is motivated by network security.
This decision by the US government does not just affect Huawei. It will have a serious impact on a wide number of global industries. In the long run, this will damage the trust and collaboration within the global semiconductor industry which many industries depend on, increasing conflict and loss within these industries.
The US is leveraging its own technological strengths to crush companies outside its own borders. This will only serve to undermine the trust international companies place in US technology and supply chains. Ultimately, this will harm US interests.
Huawei is undertaking a comprehensive examination of this new rule. We expect that our business will inevitably be affected. We will try all we can to seek a solution. We hope that our customers and suppliers will continue to stand with us and minimize the impact of this discriminatory rule.
Huawei: A Year and Beyond
Huawei held its 17th annual Global Analyst Summit in Shenzhen, both onsite and online. At the event, Huawei was joined by over 2,000 analysts, key opinion leaders, and media representatives from a range of industries, including telecoms, the Internet, and finance. Together, they discussed how the industry can work together to weather the difficult times, achieve win-win outcomes, and accelerate the arrival of the intelligent world.
At the opening of the event, Huawei’s Rotating Chairman Guo Ping delivered a keynote speech titled “Huawei: A Year and Beyond”. Guo Ping started by sharing Huawei’s experience and business results of the past year. He said, “Over the past year, many technologies became unavailable to us. Despite this, Huawei struggled to survive and is striving to move forward.”
Huawei has long been an active contributor to the ICT industry. Since it was founded, Huawei has been committed to bringing digital to more people, homes, and organizations, in order to move the world forward. In the past 30-plus years, Huawei has deployed over 1,500 networks in more than 170 countries and regions, serving over 3 billion people worldwide. We also provide smart devices to 600 million consumers. US actions against Huawei will not only harm Huawei, but also harm the experiences of customers and consumers that use Huawei’s products and services.
ICT infrastructure is the foundation of the intelligent world. By 2025, the digital economy will represent an industry worth 23 trillion US dollars. The ICT industry still has great potential. Standing at the threshold of the intelligent world, we can see more opportunities than challenges for the ICT industry.
Looking ahead, Huawei will continue investing and innovating in three domains: connectivity, computing, and smart devices. We will work with customers, partners, standards organizations, and all other industry players in domains like supply chain, standards, and talent cultivation, to encourage open collaboration, promote inclusive industry development, and explore the future together.
Guo Ping stated, “Today the world is an integrated collaborative system. The trend of globalization shouldn’t and will not likely be reversed. Fragmented standards and supply chains benefit no one, and further fragmentation will have a severe impact on the entire industry. The industry as a whole should work together to strengthen IPR protection, safeguard fair competition, protect unified global standards, and promote a collaborative global supply chain.”
The first Huawei Global Analyst Summit took place in 2004, and has been held annually ever since. This year’s summit runs from May 18 to 20, with a series of parallel sessions. Attendees include industry experts from around the world, who discuss and share their insights into industry trends, tech trends, and global collaboration. For more details, please visit: https://www.huawei.com/en/press-events/events/has2020