Huawei’s Founder: US’s temporary reprieve does not mean much for Huawei

Omkar Godbole FXStreet Contributor

The US Commerce Department on Monday gave a temporary 90-day license to China’s tech giant Huawei that will allow operations to continue for existing Huawei mobile phone users and rural broadband networks.

Huawei founder Ren Ahengfei, however, is not impressed with the temporary reprieve, according to China State Media reports.

Ahengfie has reportedly said that the 90-day temporary license does not mean much and that Huawei has made preparations regarding the latest US actions.

Key quotes

US government is underestimating Huawei's capabilities
We have faced US restrictions since a year earlier
The issue is with the US government, not with US firms

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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