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Huawei Technologies’ chips are one generation behind those of U.S. peers but the firm is finding ways to improve performance through methods such as cluster computing, Chinese state media quoted CEO Ren Zhengfei as saying on Tuesday.
The chipmaker invests 180 billion yuan ($25.07 billion) in research annually and sees promise in compound chips — chips made from multiple elements — Ren said in an interview with the People’s Daily newspaper of the governing Communist Party.
There is “no need to worry about the chip problem”, Ren said, addressing concerns stemming from U.S. export controls.
The article, published on the front page of the newspaper, comes as top U.S. and Chinese officials are set to resume trade talks for a second day in London, where topics such as U.S. tech restrictions on China are expected to be discussed.
