Huawei opposes the amendments made by the U.S. Department of Commerce to its foreign direct product rule that targets Huawei specifically, according to a statement announced at its 17th annual Global Analyst Summit that opened in Shenzhen yesterday.
“The U.S.’ decision is arbitrary and pernicious, and threatens to undermine the entire industry worldwide. This new rule will impact the expansion, maintenance and continuous operations of networks worth hundreds of billions of dollars that we have rolled out in more than 170 countries,” the statement said.
The U.S. Commerce Department said on its website Friday that it was amending an export rule and the Entity List to “strategically target Huawei’s acquisition of semiconductors that are the direct product of certain U.S. software and technology.”
This new amendment stipulates overseas manufacturers of semiconductors that are using U.S. software and technology to obtain a license from the U.S. before selling to Huawei.
“The U.S. is leveraging its own technological strengths to crush companies outside its own borders. This will only serve to undermine the trust international companies place in U.S. technology and supply chains. Ultimately, this will harm U.S. interests,” the statement said.
The U.S. Government added Huawei to its Entity List on May 16 last year.
In a keynote speech titled “A Year and Beyond” at the summit, Guo Ping, Huawei’s rotating chairman, said Huawei struggled to survive and is striving to move forward, despite many technologies becoming unavailable to the company in the past year.
Huawei said the ban goes against the U.S. Government’s claim that it is motivated by network security. In the long run, it will damage the trust and collaboration within the global semiconductor industry, which many industries depend on, increasing conflict and loss within these industries.
“Today the world is an integrated collaborative system where all countries are intertwined with each other. The trend of globalization should not and will not be reversed,” Guo said, adding the industry as a whole should work together to strengthen IPR protection, safeguard fair competition, protect unified global standards, and promote a collaborative global supply chain.
Huawei has long been an active contributor to the information and communications technology industry. In the past 30-plus years, the company has deployed over 1,500 networks in more than 170 countries and regions, serving over 3 billion people worldwide.
ICT infrastructure is the foundation of the intelligent world. By 2025, the digital economy will represent an industry worth US$23 trillion.
The first Huawei Global Analyst Summit took place in 2004 and has been held annually ever since.
0This year’s summit runs until tomorrow, with a series of parallel sessions. Attendees include industry experts from around the world, who discuss and share their insights into industry trends, tech trends, and global collaboration.