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Huawei says it's hiring more scientists in the face of U.S. sanctions
Sep 14, 2021 | CNBC
Picture - Huawei says it's hiring more scientists in the face of U.S. sanctions

BEIJING – Chinese telecommunications giant Huawei said it is expanding its team of scientists even as the company has lost revenue in the wake of U.S. sanctions.

It's a bet that doubling down on research can help China build up its own technologies, now that the U.S. under President Joe Biden's administration is bent on competing with Beijing and kept restrictions on the Chinese company's access to semiconductor technology from the U.S.

Huawei CEO Ren Zhengfei claimed at an internal meeting in early August that the company has paid its expanding workforce on time, despite pressure from the U.S., according to materials released Wednesday. Many Chinese companies often defer pay for employees, or force resignations without compensation packages.

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