Huawei's founder and chief executive Ren Zhengfei said on Saturday that the growth of Chinese technology giant "may slow down, but little" due to recent US restrictions.
In remarks to the Japanese press, quoted by Nikkei Asian Review, Ren Zhengfei reiterated that the Chinese company - the world's largest telecom equipment manufacturer - has not violated any law.
"Huawei's growth is expected to slow, but slightly," Ren Zhengfei told Japanese media in his first official comment after the US restrictions, adding that the company's annual revenue growth could fall by 20 percent.
On Thursday, Washington placed Huawei, one of China's largest and most successful companies, on its black list, making it difficult for Huawei to deal with US companies, a decision criticized by China that would take steps to protect its companies.
The developments around Huawei come at a time of trade tensions between Washington and Beijing, amid concerns the United States may be using China's smart phones and network devices to spy on Americans, allegations the company has repeatedly denied.
Last year, the United States imposed a similar ban on China's ZTE; Huawei benefited from it before it was lifted again. The US Commerce Department said on Friday it could ease restrictions on Huawei soon.
"The company is ready for such a move," said Ren, adding that Huawei would be "fine" even if companies such as Qualcomm and other US miners stopped selling chips.
HiSilicon, Huawei's chip maker, said on Friday it had long been prepared to impose a ban on chip purchases and US technology and was able to ensure the steady supply of most products.
Huawei's founder said the company will not receive instructions from the US government. "We will not change our administration at the request of the states
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