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Huawei founder says US govt is underestimating company: Chinese media

Trade restrictions on Huawei bears 'little meaning', says Huawei founder. Huawei to launch 5G technology in 2-3 years.

DNA Web Team

Updated : May 21, 2019, 08:57 AM IST

Ren Zhengfei-Huawei Founder (Photo: AFP)

The U.S. government's temporary easing of trade restrictions on Huawei Technologies bears little meaning on the company as the Chinese firm has made preparations, Huawei's founder Ren Zhengfei told state broadcaster CCTV on Tuesday in an interview.

He said that Huawei's 5G would not be affected and predicted that no other parties would be able to catch up with the company in 5G technology in the next 2-3 years, adding that the U.S. government was underestimating Huawei's capabilities.

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