Huawei Technologies' chips are one generation behind those of U.S. peers but the firm is finding ways to improve performance.

Ren Zhengfei says his firm is just one of many Chinese chipmakers, adding that the US has ‘exaggerated Huawei’s achievements’.

Huawei Technologies' chips are one generation behind those of U.S. peers but the firm is finding ways to improve performance.

Ren Zhengfei’s comments underscore Huawei’s commitment to achieving chip self-sufficiency, with compound semiconductors playing a key role.

Still, Jensen Huang says his company’s technology remains a generation ahead of those developed by Chinese rivals.