According to business representatives, Chinese tech giant Huawei is planning to reenter the Pakistani market with its smartphones.
The re-launch is anticipated to take place by the end of this year or the beginning of 2024, the executives stated at a recent media gathering.
The statement was made at a ceremony that was broadcast internationally, including in Pakistan, to introduce the company’s annual report for 2022.
Following recent comments made by Huawei Chairman Eric Xu criticising US tech export limits on China, the company has decided to reenter the Pakistani market.
He boldly declared at a press conference that the US sanctions would revive China’s chip industry.
“I think China’s semiconductor industry will not sit around and do nothing, but rather make efforts to strengthen and rely on itself,” Xu said.
Huawei will back all of the Chinese semiconductor industry’s self-saving, self-strengthening, and self-reliance efforts, Xu continued.
In the US-China competition for technological supremacy, semiconductors have been a significant source of contention.