Huawei founder hopes for calm, expects friction with Biden administration

Huawei, the Chinese telecommunications giant that has found itself subject to a litany of U.S. restrictions, is hoping the Biden administration will allow it to buy some inputs from U.S. companies but not expecting to be removed from the Commerce Department’s Entity List, company founder Ren Zhengfei told reporters in China on Tuesday. The Trump administration placed Huawei on the Entity List in May 2019, requiring U.S. exporters selling to the Chinese giant to apply for export licenses under presumption...