Huawei convinced it can weather storm

The founder of Huawei Technologies Co said that United States President Donald Trump's decision to loosen restrictions on the company in Shenzhen, Guangdong province, will have limited impact as it continues its shift away from US suppliers, according to a Financial Times report on Wednesday.

Analysts said the remark demonstrates that Huawei remains cautious toward the US government and is determined to beef up its core technologies no matter how the situation develops.

Ren Zhengfei, Huawei's founder, told Financial Times that Trump's pledge to resume sales of certain US components and software to the tech giant "would not have much impact on what we are currently doing. We will still focus on doing our own job right."