Huawei founder says the company replaced 13,000 parts banned by US with domestic Chinese substitutes and redesigned 4,000 circuit boards for its products
Ren says Huawei invested $23.8 billion in R&D in 2022, and"as our profitability improves, we'll continue to increase R&D spending."
According to the transcript posted by Shanghai Jiao Tong University on Friday, Huawei founder Ren Zhengfei said Huawei had over the past three years replaced the 13,000 components with domestic Chinese substitutes and had redesigned 4,000 circuit boards for it products.Ren made the remarks in a talk to Chinese technology experts on February 24, the university said.Ren said Huawei invested $23.
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