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, come as top U.S. and Chinese officials are set to resume trade talks for a second day in London where topics such U.S. tech restrictions on China are expected to be discussed.
Since 2019, a slew of U.S. export curbs, aimed at curbing China’s technological and military advancements, have restricted Huawei and other Chinese firms from accessing high-end chips and the equipment needed to produce them from abroad. Ren’s comments are the first ever from him or Huawei about the company’s advanced chipmaking efforts, which have become a flashpoint in U.S.-China tensions. Huawei is just one of many Chinese chipmakers, Ren said in the interview, adding: “The United States has exaggerated Huawei’s achievements. Huawei is not that great. We have to work hard to reach their evaluation.”

Full report : Chinese state media reports that Huawei CEO Ren Zhengfei says the company’s chips lag one generation behind US peers, and claims the US “exaggerated Huawei’s achievements.”