Huawei revenue will be more than $100 billion despite US restrictions

The revenue of Huawei, a leading global ICT solutions provider, will be about $100 billion by the end of this year despite restrictive measures taken by US government. And Huawei founder and chief executive officer Ren Zhengfei hopes that the revenue will surely increase in 2021.

Ren reveals his hope in the panel discussion called “A Coffee with Ren” arranged in Huawei headquarter in Shenzhen, China. Huawei-centered contemporary issues were discussed in that session and the duration of the panel discussion was more than one and a half hour. American venture capitalist George Gilder, and co-founder and CEO of MIT Media Lab Professor Nicholas Negroponte were also present at the discussion. The discussion was moderated by an anchor named Tian Wei from China Global Television Network.

Ren Zhengfei said, “When we were not as strong in the past, we were determined to work more closely with US companies. As we become stronger, we will work even more closely with them. We are not afraid of using US components or US elements, and we are not afraid of working with US partners.”

He said regarding the allegation against Huawei for acting as a spy, “There are no backdoors in Huawei’s equipment that anyone could access. Huawei is ready to sign no backdoor agreement with any country. Huawei network is so open, transparent and trustworthy.”

When the moderator of the discussion asked- “Who will guarantee the security?” the former MIT professor Nicholas Negroponte said, “Our president has already said publicly that he would reconsider Huawei if we can make a trade deal. So clearly it’s not about national security, we don’t trade national security. So, it’s about something else and the trade war has got to end and I believe, will end sooner rather than later”.

Author and venture capitalist George Gilder, another prominent scholar of the discussion, said being optimistic, “US is currently making a terrible mistake epitomized by the outrageous bans and tariffs, as well as restrictions it is placing on Huawei. There are lots of technological remedies for the kinds of distrust that arises around the catastrophically insecure internet architecture. We have catastrophically broken internet security system. I think among all companies in the world, Huawei is probably best situated to solve these problems”.

Ren Zhengfei said, “In this recent US-China trade war, no one will win. We didn’t expect the US government would launch such strikes. I think technological decoupling between China and the US is in no one’s interests. Both sides will suffer.”

He said, “Only through open collaboration we can meet people’s demands, and bring the benefits of new technologies to more people. I believe collaboration is the only way to make social progress.”

He furthermore said, “Huawei will not be stopped due to the restrictive measures taken by US. The mission of restructuring and reshaping network architecture to be more developed, simpler, faster, more secure, and more trustworthy to digitalize every person will be fulfilled. We want to bring digital to every person, home and organization to build a better, connected and intelligent world.”