Chinese billionaire Ren Zhengfei, founder of telecommunications titan Huawei, reportedly wrote an internal memo this week laying out plans to overhaul the company over the next three to five years and create an “invincible iron army” to fight against regulatory pressure and competition from the United States.
Some of this will be music to the ears of Huawei critics, who worry about the company’s ties to the Communist Party and its willingness to be used as an instrument of Chinese military intelligence. Ren seemed confident that Huawei will maintain its 5G dominance against American industries that have been slow to join the race in earnest, with a commensurate advantage in next-generation artificial intelligence (AI) technologies. The fact that he wrote the memo at all, stressing the need for a “harsh and difficult” restructuring plan, suggests he is at least a little worried about the U.S. stepping up its 5G and AI games.
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