Huawei has breathed a sigh of relief as Joe Biden won the US Presidency.This arrives as the previous President, Donald Trump, had been targetting the Chinese industry（especially Huawei） as a part of the US-China trade wards and political disputes.
According to a Reuters report, analysts have stated that the Chinese tech industry is hoping that Joe Biden would be more welcoming of a more constructive relationship and would de-escalate the rivalry between both nations. The four year long Trump term had been a major obstacle for numerous Chinese companies and had taught the importance of self reliance as well. Although, despite Biden winning, the nation still plans on focusing on its domestic tech capabilities, as per executives and analysts.
HUAWEI Kirin chip has also acquired the contract manufacturing of TSMC.