Vice-Chairman Ken Ho told participants at an annual conference that China’s largest technology company aims to increase investment in its development program over the next five years, according to Bloomberg.
The agency noted that these efforts are more important and urgent for the company in the face of the risk of losing access to US components and technology, including the system “Android” owned by Google, which Huawei needs to operate its mobile devices, which ranks second in the world.
Huawei is working to expand its reach after President Donald Trump’s administration imposed sanctions on the sale of US technology, encouraging allies to sever ties with the Chinese company, which Washington accuses of aiding Beijing in espionage.
In response, Huawei offered to sell a license for 5G wireless technology – needed to drive modern economies in the future – to create a viable competitor and prove that its equipment is free from security vulnerabilities.
“There are a lot of concerns about Huawei’s 5G solutions. We believe these concerns are unfounded,” Hu told reporters in Shanghai.
“By allowing others to access these technologies through commercial methods, this will help reduce concerns.”
He pointed out that the company has already signed more than 60 commercial contracts to build the fifth-generation wireless technology in the world, and that China itself is ready to finish the first phase of the launch of the fifth-generation by the middle of next year.
The United States is trying to persuade its allies not to deploy 5G technology developed by the Chinese telecommunications giant Huawei.
In August, US Economy Minister Wilbur Ross announced a 90-day delay in the ban on Chinese telecoms giant Huawei.
The ban is part of a comprehensive effort by the Trump administration to restrict Huawei’s activities.