*Huawei CEO Admits Firm’s Chips Lag Behind US Counterparts* Huawei Technologies’ chips are a generation behind those of their US counterparts, but the company is working on improving performance through techniques like cluster computing, Chinese state media quoted CEO Ren Zhengfei as saying on Tuesday. The chipmaker invests 180 billion yuan ($25.07 billion) in research annually and sees promise in compound chips – chips made from multiple elements – Ren said in an interview with the People’s Daily newspaper of the governing Communist Party. 🔗 https://stratnewsglobal.com/world-news/huawei-ceo-admits-firms-chips-lag-behind-us-counterparts