(MENAFN) During a press conference on Friday, Huawei's rotating chairman Eric Xu remarked that the United States government's recent tightening of tech-export restrictions on China could lead to the development of the nation's domestic chip industry. Xu expressed his belief that China's semiconductor industry would not remain idle, but instead make efforts towards self-strengthening and self-reliance. He also pledged Huawei's support for such efforts in the Chinese semiconductor industry.

Huawei Technologies, a Chinese tech giant, has faced American export restrictions on items related to 5G and other technologies for several years. Recently, Washington has indicated that it may not grant export licenses to American companies such as Qualcomm and Intel, which produce chips for smartphones and other devices. These measures are aimed at limiting Huawei's ability to buy or design the semiconductor chips that power most of its products.

In 2019, Huawei was placed on a United States trade blacklist, and most American suppliers were barred from shipping goods and technology to the company unless they were granted licenses. The restriction was intended to cut off the Chinese company's access to the semiconductor chips that are essential for its products. Despite the challenges posed by these restrictions, Huawei remains committed to supporting the Chinese semiconductor industry's efforts towards self-reliance and self-strengthening.

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