Chinese tech giant Huawei has increased investment in manufacturing development in Russia and expanded its staff of Russian scientists.
The founder of the company, Ren Zhengfei, reported this to the Chinese newspaper South China Morning Post yesterday.
“After the United States included us in the list of organizations (it includes companies that pose a threat to the US economy, – note “RDN”), we transferred our investments from the United States to Russia, increased Russian investments, expanded the team of Russian scientists and increased their salary,” Zhengfei said.
Huawei is the world’s largest supplier of telecommunications equipment. In the second quarter of 2020, the company overtook Samsung to become the largest smartphone manufacturer in the world, according to a Chinese newspaper.
However, the trade wars between the US and China have put Huawei in a tough spot. Washington’s latest move was to tighten control over the company’s work in the states. In particular, the authorities limited Huawei’s access to US-made technologies (for example, semiconductors).
In addition to transferring investments to other countries, Huawei also plans to expand its cloud business, which is still available for development in the United States. Ren Zhengfei stressed in his speech that the actions of certain politicians towards the company will not make Huawei stop loving the United States.