Huawei’s founder says world can’t live without it

Huawei has recently been subject to various controversies in the international scene, especially in western nations. (File/AFP)
Updated 19 February 2019
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Huawei’s founder says world can’t live without it

  • The media-shy Huawei founder has been forced to step into the limelight in recent months as the company has come under increasing pressure over espionage concerns
  • “There’s no way the US can crush us,” Ren Zhengfei said

BEIJING: The founder of Chinese telecom giant Huawei has hit back at US efforts to blacklist the company, saying defiantly that the world cannot do without Huawei and its “more advanced” technology.
“There’s no way the US can crush us,” Ren Zhengfei said in an interview with the BBC.
“The world cannot leave us because we are more advanced.”
Ren, 74, also denounced as “politically motivated” the December arrest of his daughter, Huawei Chief Financial Officer Meng Wanzhou, who is accused of violating US sanctions against Iran.
“We object to this,” he said.
“But now that we’ve gone down this path, we’ll let the courts settle it.”
The normally media-shy Huawei founder has been forced to step into the limelight in recent months as the company has come under increasing pressure over espionage concerns and the US-led campaign to persuade other countries to ban its technology.
Last year, security concerns prompted Australia to ban Huawei equipment from its future 5G network.
New Zealand has also blocked its largest telecom carrier from using Huawei technology for the next generation network, while the Czech Republic has reportedly excluded it from a 20-million-euro ($22 million) tender to build a tax portal.
US prosecutors also are charging Huawei with stealing trade secrets, saying it offered rewards to employees for stealing technology from other rivals.
Ren shrugged off the growing pressure.
“If the lights go out in the West, the East will still shine,” he said. “America doesn’t represent the world.”
“Even if they persuade more countries not to use us temporarily, we can always downsize and become smaller.”


MODON to establish integrated pharmaceutical complex

Updated 23 May 2019
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MODON to establish integrated pharmaceutical complex

JEDDAH: The Saudi Authority for Industrial Cities and Technology Zones (MODON) has signed an industrial land lease covering more than 62 thousand square meters in the city of Madinah, to build a pharmaceutical complex including research and development centers, with a total investment reaching SR 570 million.

MODON’s Director General Khalid bin Mohammed Al-Salem said that the signing of the contract was the result of joint work with the National Program for the Development of Industrial Compounds. MODON provided various facilities and incentives to support the investment, with the project set to provide nearly 1000 jobs for both genders with a localization rate exceeding 50 percent.

He added that the project is in line with the goals of the National Industrial and Logistics Development Program (NIDLP) to localize the most advanced industries in the world, in accordance with Saudi Vision 2030 for economic diversification.

Since its inception in 2001, MODON has been developing integrated industrial lands in accordance with the highest international standards. It currently oversees 35 industrial cities under development in various regions of the Kingdom, in addition to supervising private industrial parks and cities. The developed industrial lands exceeded until today 198.8 million square meters, while the existing industrial cities include 3,474 productive factories.