China won’t sit and watch Huawei get ‘slaughtered,’ exec says as US reportedly preps new sanctions

CNBC
Date: Mar 31 20209
By: Arjun Kharpal


Reuters reported that senior officials in the Trump administration have drawn up new rules that could hurt the supply of chips to China’s Huawei.

“The Chinese government would not sit there and watch Huawei being slaughtered. I believe there would be counter-measures,” Eric Xu, rotating chairman at Huawei, told CNBC.

Xu said the company would have alternative companies to make chips for it however, if the U.S. rule change came into force.

China will not sit and watch Huawei get ‘slaughtered’, says executive

Beijing will not sit and watch Huawei get “slaughtered” and could retaliate if there are further sanctions on the Chinese technology giant, a top Huawei executive told CNBC on Tuesday.

The comments came in response to a Reuters report that suggested senior officials in the Trump administration had drawn up new rules that would require chipmakers to obtain a license if they use American equipment to make components sold to Huawei.    [FULL  STORY]

By