The roles changed .. Huawei in the position of attack and America seeking giants

Huawei's president said the US embargo on his company was the beginning of the US failure and that it would not be able to catch up with the company's advanced technology and would not sell it to them.

Meanwhile, the White House will hold a meeting on Monday, attended by software officials, to discuss the US ban on Huawei's sales.

"The company's plans to manage the crisis with the US government and explain the underlying intentions behind these measures," said Ren Zhenghui, founder and chief executive officer of Huawei, with Yahoo Finance in an hour-long interview.

Ren Huawei suffered in the first two weeks after the ban, due to concerns about the exclusion of the operating system, he said, adding that the company was "fully capable of eliminating its reliance on the United States for basic products."

"We do not have any networks in the United States and we do not intend to sell America's fifth-generation products," he told Yahoo.

"Trump has nothing on us. He just hopes to use Huawei as a bargaining chip, but China does not seem to care."

"By banning Huawei, the loser is the United States, especially with regard to fifth-generation communications.

"Even if they have supercomputers and high-capacity connections, the United States may be late because they do not have high-speed communications," Hu said. "Huawei's shutdown is the beginning of the US technological backwardness."

Although the ban prevents Huawei from accessing US technology, it also means that US companies may lose profits and jobs in the United States from the Chinese company.

During the interview, Rehn confirmed that the company had removed staff from its US-based research and development firm and planned to invest $ 600 million in FutureWave.

He does not know how the story will end, but it is clear that Huawei will not back down or give up fighting, while the United States eases restrictions on the company and tries to find a way to save face.

Meeting with technology giants
Meanwhile, well-informed sources said White House economic adviser Larry Kudlow would host a meeting with semiconductor companies and software executives on Monday to discuss the US ban on Huawei's sales.

Treasury Secretary Stephen Manuchen will also attend the White House meeting, which was called by Intel and Qualcomm.

Another White House official confirmed that the meeting would be held, noting that Google and Micron were going to attend. One of the people who read the meeting calls said Broadcom was also invited to attend the event at the White House. Microsoft is also expected to receive an invitation.

Relations between US companies and Huawei are in limbo after Trump's management put the company on the black list in May, citing national security concerns.

The move prevented US companies from selling most US spare parts and components without special licenses, but President Donald Trump said last month that US companies could resume sales on condition they received US management licenses.

Trade Minister Wilber Ross said the licenses would be issued in the absence of a threat to national security.

Reuters said the United States may approve licenses for companies within weeks.