Huawei CEO says underestimated impact of US ban, sees US$100 billion revenue dip

Huawei CEO says underestimated impact of US ban, sees US$100 billion revenue dip

Huawei Technologies founder and CEO Ren Zhengfei said on Monday (Jun 17) that the impact of US sanctions on the Chinese company was more severe than expected, and warned that revenue would dip to around US$100 billion this year and the next.
Huawei will not bow to US pressure, says founder Ren Zhengfei

Huawei will not bow to US pressure, says founder Ren Zhengfei

Chinese telecoms giant Huawei is ready to deal with Washington's crackdown and will reduce its reliance on US components, its founder and CEO Ren Zhengfei told Japanese media on Sunday (May 19).