Huawei has now revealed how it replaced and redesigned 13,000 components and 4,000 circuit boards in the past three years to overcome the sanctions.
have been imposed on Chinese tech company Huawei because of worries about its suspected ties to the Chinese military for years.
"But all of a sudden, we were sanctioned, and they could not provide us with the components and tools, my mind went blank," Zhengfei said, per the speech transcript. He said during the speech that Huawei produced replacement parts using domestic resources, which has "stabilized" the production of circuit boards.
Zhengfei underlined that he supported Western technology when he was younger and continued to admire it when he started Huawei, up untilAnd because the U.S. sanctions hurt its formerly lucrative smartphone industry, Huawei is now focusing on enterprise solutions, such as assisting traditional sectors in digitalizing their processes.According to Zhengfei, the corporation invested $23.8 billion in R&D in 2022.