Huawei founder Ren Zhengfei told Chinese President Xi Jinping that China’s concerns over its lack of domestic chips and operating systems have eased, according to Chinese state media.
The People’s Daily reported that Ren, along with other top business leaders, spoke at a private sector meeting with Xi. Ren stated that worries over China’s “lack of core and soul”—a reference to semiconductors and operating systems—had diminished, expressing confidence in China’s rapid rise in technology.
Huawei has played a key role in advancing China’s tech self-sufficiency, overcoming U.S. sanctions to develop advanced semiconductors and an independent operating system. This aligns with Xi’s push for domestic innovation to reduce reliance on foreign technology.
At the same meeting, BYD’s Wang Chuanfu highlighted China’s electric vehicle (EV) industry as a success story, while Xiaomi’s Lei Jun voiced confidence in overcoming international challenges under Xi’s leadership.
Other speakers included executives from Will Semiconductor, humanoid robot maker Unitree, and feed giant New Hope Group. The meeting also saw attendance from Alibaba’s Jack Ma and DeepSeek’s Liang Wenfeng, though they did not publicly speak.
This rare discussion among China’s top tech leaders underscores the nation’s commitment to technological self-reliance, particularly in semiconductors, AI, and EVs, as the country navigates ongoing global tensions.


Trump Signs “America First Arms Transfer Strategy” to Prioritize U.S. Weapons Sales
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off
TrumpRx.gov Highlights GLP-1 Drug Discounts but Offers Limited Savings for Most Americans
US Pushes Ukraine-Russia Peace Talks Before Summer Amid Escalating Attacks
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO
Instagram Outage Disrupts Thousands of U.S. Users
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch
Ford and Geely Explore Strategic Manufacturing Partnership in Europe
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
U.S. Lawmakers to Review Unredacted Jeffrey Epstein DOJ Files Starting Monday
U.S. to Begin Paying UN Dues as Financial Crisis Spurs Push for Reforms
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 



