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.
Browsing: Ren Zhengfei
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.
Huawei has withstood criminal charges and international scrutiny to post rising growth in the first two months of the year.
Chinese technology giant Huawei is launching a US court challenge to a law that labels the company a security risk and would limit its access to the American market for telecommunications equipment.
Huawei, no longer content with defending itself against US accusations of espionage and bank fraud, is taking the initiative with a full-blown legal offensive.
Canada! Seriously, who sues Canada? Meng Wanzhou, that’s who.