Nham Chinh Phi - Huawei tycoon and the way to become a super billionaire from a poor family

Times magazine listed Nham Chinh Phi in the list of 100 most influential people in 2005. The great contributions of Nham Chinh Phi and Huawei not only greatly contributed to the change of the face of China's economy, it also contribute to promoting the development of the global telecommunications network.

Nham Chinh Phi was born in 1944. The ancestors of the Ren family were originally from Jiangsu province and belonged to the wealthy class. But Nham Chinh Phi was born in Guizhou, the poorest place in the country. In 2015, he told the BBC that he came from a normal family. He said that because there was salt for cooking, his family was considered wealthy.

Nham Chinh Phi went to primary school in the remote mountain district of Guizhou. In 1963, Nham Chinh Phi enrolled in Chongqing Institute of Architectural Works (now Chongqing University) and was recruited into a construction engineering unit after graduation. He taught himself 3 foreign languages, automatic control, digital electronics, computer science, logic, philosophy.

In 1974, Nham Chinh Phi joined the People's Liberation Army (PLA) as an engineer. At this time, China is undergoing a Cultural Revolution in the context of a serious shortage of food and clothing.

Mr. Ren was tasked with setting up a chemical factory for the production of textile fibers in northeastern China. This is part of a government plan to ensure everyone has at least one decent set of clothing.

Nham Chinh Phi and his teammates had to sleep in a shabby house at 0 degrees Celsius and live on eating vegetables for many months. However, Nham Chinh Phi said at the time he was happy because while others in China were criticized for reading too many books, the factory was "probably one of the few places where people can read".

The businessman revealed that he once wanted to become a lieutenant colonel serving in the PLA. However, this was not possible due to the background of the parents involved with the Kuomintang. His last job at the PLA was as deputy director of a construction research institute.

But this connection still raises questions about the link between Huawei and the Chinese government. He later denied allegations that the government asked Huawei to spy.

In 1987, Nham Chinh Phi founded Huawei Technology Company with a capital of 21,000 RMB (RMB) equivalent to about 5,000 USD at that time. With location in Shenzhen (bridge between Hong Kong and Mainland China).

According to the book "The Huawei Way" by author Tian Tao, the company initially did business as an equipment supplier and faced many difficulties. Huawei struggled to gain market share, and Mr Ren faced "severe anxiety and depression during the company's darkest days".

The founder of Huawei requires employees to work long hours and do whatever it takes to keep the business going. Unable to compete in big cities, Huawei initially focused on small Chinese towns and villages. During that time, Ren invested heavily in research and development, pushing Huawei to create its own technology so it could compete with larger rivals.

In 1992, Nham developed the C&C8 sever switch and sold it for only 1/3 of the market, this was Huawei's first successful development.

After that, Huawei received contracts to build data centers and build 4G telecommunications networks. Huawei was also active in building telecommunications networks for African countries to build diplomatic relations with China in the 1990s.

After 32 years of construction and development, Huawei is China's largest electronics brand, one of China's most influential corporations and the world's leading 5G telecommunications infrastructure manufacturer. Apple has become the second largest smartphone manufacturer in the world.

However, the strong development of Huawei and the support of the government of the People's Republic of China has made the administration of President Donald Trump worried. Huawei became a victim of the US-China trade war with President Donald Trump's ban on US technology firms from exporting components and software to Huawei, especially Google's Android operating system platform. Many Western countries allied with the US are also considering banning Huawei from selling 5G telecommunications products in their countries. This greatly affects the future of Huawei in particular and technology firms around the world in general.

Speaking to the press about the US embargo, Mr. Nham Chinh Phi showed no fear at all and stated that Huawei has the capacity to create an equivalent platform, compete with Android as well as manage the supply. hardware components.

As a private person, there was a time when Mr. Nham Chinh Phi shared about his family.

During his time in the army, he married his first wife, Manh Quan, and had a daughter, Manh Van Chau, and a son, Nham Binh.

Mr. Ren divorced his first wife shortly after opening Huawei and married Yao Lang. Both have a daughter named Dieu Anna. This daughter has a very high degree but decided to follow the acting path.

Mr. Nham's life is not well known. According to an article in Paris Match, his family lives in a "palace" in Shenzhen to welcome visitors to Huawei. According to Chinese media, he is living with his third wife, a former assistant named Su Wei.

Nham Chinh Phi spends a lot of time at work, so he has very little time to build a strong relationship with his 3 children.

This billionaire said, during his time in the military, he spent only one month a year with his family. After founding Huawei, "I had to fight for this company's existence and spend 16 hours a day in the office," he said.

According to an email obtained by Sina Tech, Nham Chinh Phi wrote that running Huawei needs vision, determination and long-term vision. "None of my family members had these qualities, so they were never included in the inheritance list." However, Manh Van Chau seems to prove his father wrong. She joined Huawei in 1993 and gradually became the Chief Financial Officer. She replaced Mr. Nham as Vice President of the company in March 2018.

She was arrested in Canada on December 1, 2020 for her involvement in concealing contacts between Huawei and a company that sold Huawei equipment to Iran, in violation of US sanctions. China immediately reacted and demanded Canada's release of Ms. Meng as well as the US withdrawing the arrest warrant.

Meng's arrest has fueled the conflict between the US and China. China warned that any upcoming measures would depend on the actions of the US, as well as warning Canada will "bear serious consequences".

On September 25, Meng returned home after being released by a Canadian court under an agreement with US prosecutors.

According to Forbes' Real Time ranking, Mr. Nham currently owns a fortune of 1.3 billion USD.

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