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Huawei's founder Ren Zhengfei said that the Chinese technology giant has replaced thousands of product components that are banned in the United States with homegrown versions, the news agency AFP reported on Saturday (March 18) citing a transcript posted by Shanghai Jiao Tong University on Friday. Former US president Donald Trump's administration had effectively barred American companies from doing business with Huawei. And Trump's successor Joe Biden imposed further sanctions including a ban on sales of new Huawei equipment to the US.