Huawei remains on Washington’s blacklist since the latter restricted the Chinese tech giant’s access to the purchase of US hardware, also urging all of its allies to exclude the company from their plans to establish 5G networks.

Axar.az reports citing CNBC that Choichi Tosaka, chief executive of the Japanese materials and electronics company Taiyo Yuden, has predicted in an interview with the website Gizchina.com that Huawei may sell 100 million 5G smartphones in China in 2020.

The forecast comes after Huawei Rotating Chairman Guo Ping urged companies last month to build partnerships with the Chinese telecom giant to develop 5G technology applications, insisting that its participants will be “the biggest winners”.

“This is a huge market worth trillions of US dollars. The biggest winners will be our partners”, Guo was quoted by CNBC as saying.