Huawei's founder says the company is well-prepared for U.S. restrictions

It's been a tricky few days for Huawei, but its leader remains defiant.

Ren Zhengfei, the Chinese tech giant's CEO and founder, told state media outlet the Global Times on Tuesday that the company is well-prepared for U.S. sanctions, adding that temporary relief from those trade restrictions doesn't mean much to the company.

Huawei has reportedly stockpiled components and parts to ride out potential restrictions, which would be enough to last three months. 

Major U.S. suppliers to the company, including Intel and Qualcomm, had reportedly stopped supply to Huawei in light of Trump's executive order — but Ren said these companies have also tried to assist Huawei in the dispute. Read more...