The chip maker invests C180-billion US25.1-billion in research annually and sees promise in compound chips chips made from multiple elements Ren said in an interview with the Peoples Daily newspaper of the governing Communist Party.
There is no need to worry about the chip problem, Ren said, addressing concerns stemming from US export controls.
The article, published on the front page of the newspaper, come as top US and Chinese officials are set to resume trade talks for a second day in London where topics such US tech restrictions on China are expected to be discussed.
Since 2019, a slew of US export curbs, aimed at curbing Chinas technological and military advancements, have restricted Huawei and other Chinese firms from accessing high-end chips and the equipment needed to produce them from abroad.
Rens comments are the first ever from him or Huawei about the companys advanced chip-making efforts, which have become a flashpoint in US-China tensions.