Aggressive US policies targeting Huawei have forced the Chinese tech giant to redirect investment to Russia and expand operations in the country, Huawei founder Ren Zhengfei has revealed.
“After the United States included us in the Entity List, we transferred our investment in the United States to Russia, increased Russian investment, expanded the Russian scientist team, and increased the salary of Russian scientists,” Ren said as cited by Shanghai Jiao Tong University, one of the four top Chinese universities he visited. While the visit came in late July, the university did not publish a transcript of his speech until this weekend.
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