Huawei founder says revenue will be billions below forecast
SHENZHEN, China (AP) — Huawei’s founder said Monday that the Chinese telecom giant’s revenue will be $30 billion less than forecast over the next two years, as he compared the company to a “badly damaged plane” in the face of U.S. government actions against it.
“We never thought that the U.S.’s determination to attack Huawei would be so strong, so firm,” Ren Zhengfei, who is also the CEO, said during a panel discussion at company headquarters in Shenzhen.