Huawei is offering up its most valuable 5G secrets and $1.5-billion to software developers, courting the global tech community at a time the US is heightening scrutiny of the Chinese giant.
Browsing: Ren Zhengfei
Huawei Technologies used code names and secret subsidiaries to conduct business in Syria, Sudan and Iran, the US alleged in the extradition case related to sanctions violations against the company’s chief financial officer.
Huawei’s billionaire founder intends to kick off a three- to five-year overhaul of the networking giant, creating an “iron army” that can help it survive an American onslaught while protecting its lead in 5G.
Huawei reported a 23% rise in revenue in the first half as the Chinese telecommunications giant withstood US efforts to curb its business.
Huawei quickened revenue growth to roughly 30% in the first half after select teams secured critical supplies to keep production going despite US technology export restrictions.
Huawei founder Ren Zhengfei expects US sanctions to curtail its revenue by about $30-billion over the coming two years, wiping out its growth by withholding critical American technology.
Huawei founder Ren Zhengfei struck a defiant tone in the face of US sanctions that threaten his company’s very survival.