Chinese vendor Huawei announced its investments in research and development activities focused on its own technology will reach $20 billion this year, up compared to $15 billion in 2019, South China Morning Post reported Huawei’s CEO Ren Zhengfei as saying.
“The U.S. will continue to increase sanctions on us, and we will have to complete [the new technologies]before that happens,” Ren said.
In May 2019, the U.S. Department of Commerce added Huawei to its Entity List, a decision that effectively banned the company from buying parts and components from U.S. companies without U.S. government approval.
