SHENZHEN, China (Reuters) – Huawei Technologies in its first official response to the Trump administration’s move to curb its access to global chip supplies called it “arbitrary” and said its business would be impacted.
“We expect that our business will inevitably be affected. We will try all we can to seek a solution,” Chairman Guo Ping said in his keynote speech at Huawei’s annual global analyst summit on Monday.
“Survival is the key word for us at present,” Guo said in a Q&A.
Guo said Huawei was committed to complying with U.S. rules and it had significantly increased R&D and inventory to meet U.S. pressures.
Friday’s move by the U.S. Commerce Department expands U.S. authority to require licences for sales to Huawei of semiconductors made abroad with U.S. technology, vastly extending its reach to halt sales to the world’s No. 2 smartphone maker.
The company was added to the Commerce Department’s “entity list” a year ago due to national security…
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