Nevertheless, Ren Zhengfei cautioned that Huawei still isn’t quite as successful as the U.S.’s fears make it seem.

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

Nevertheless, Ren Zhengfei cautioned that Huawei still isn’t quite as successful as the U.S.’s fears make it seem.

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

U.S. export controls on Nvidia have incentivized China to develop alternatives, while also making it more difficult for domestic firms to do so, experts say.

Nvidia CEO Jensen Huang discusses the AI technology battle with CNBC's Arjun Kharpal, saying the U.S. risks losing out to China if it cuts off access to Chinese AI researchers.

"If the United States doesn't want to partake, participate in China, Huawei has got China covered," the Nvidia CEO warned.

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

Ren Zhengfei makes it clear that US attempts to deny access to most advanced chips are doomed owing to Chinese perseverance, determination and ingenuity.