One of the biggest stories of the year, and one of the major catalysts of the US/China trade war, was ZTE’s brush with extinction, but Huawei thinks it’s robust enough to withstand the US economic dirty-bomb.
During the Summer, ZTE was caught violating US trade sanctions with Iran and subsequently was banned from using any US products or IP within its supply chain.
The move from the US almost destroyed ZTE, with the company ceasing operations for a couple of weeks, but Huawei’s Rotating CEO doesn’t think his firm would be under the same risk.
“We all know the ICT industry highly depends on a global supply chain,” said Hu.
Companies coming from Japan, US, Europe, China and many other countries in the regions.
Take this year for example, our annual procurement spend would be 70 billion dollars.”