SHENZHEN, China: Huawei’s founder has likened his company to a badly damaged plane and says revenues will be $30 billion less than forecast over the next two years.
Ren Zhengfei said Monday that the Chinese telecom giant will reduce capacity but that US moves to restrict its business “will not stop us.”
The US has put Huawei on a blacklist, meaning that American companies that want to sell parts to Huawei will need approval from the US Commerce Department.
Huawei revenue will be billions below forecast: founder
Huawei revenue will be billions below forecast: founder
- Chinese telecom giant will reduce capacity but that US moves to restrict its business ‘will not stop us’
