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.
Browsing: Ren Zhengfei
Huawei Technologies founder Ren Zhengfei has warned in an internal memo the company is at a “live or die moment” and advised underutilised employees to form “commando squads” to explore new projects.
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.
US President Donald Trump said he eased restrictions on China’s most prominent technology company as part of a trade truce with Beijing.
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 Technologies is selling its majority slice of its global submarine cable division, exiting the business of laying undersea piping for the Internet just weeks after the Trump administration blocked it from buying American technology.
Huawei founder Ren Zhengfei struck a defiant tone in the face of US sanctions that threaten his company’s very survival.
Huawei earnings surged 25% last year as the Chinese telecommunications giant rose up the ranks of the global smartphone market.