administration is about to issue a two-week extension of a license that will allow U.S. firms to continue supplying technology parts to Huawei.
"No matter whether there will be an extension, in terms of its real impact on Huawei, it will be very limited," Liang said in translated remarks during a panel. "Our products are able to be shipped without the reliance on the U.S. components and chips." He said that if U.S. companies are not allowed to sell to Huawei, it would "pose a bigger damage" to them. Huawei has the ability to ensure all of its main products, including 5G base stations, can be manufactured and supplied to its customers without relying on U.S. parts, according to the chairman.
Huawei is the world's biggest telecommunications equipment maker and one of the leading names in the development of 5G — the next generation of high-speed mobile internet technology that aims to provide faster data speeds and more bandwidth to carry growing levels of web traffic. It's seen as central to China's ambitions in becoming a dominant player in 5G.