[ad_1]
The founder and CEO of Huawei Technologies, Ren Zhengfei, said that the impact of the US ban on Chinese society was more severe than expected, and warned that its revenue would fall to about 100 billion dollars this year. 2020, reports Reuters.
Huawei Scandal: the founder expects a sudden fall
This is the first time Huawei has quantified the impact of US action on society. Ren's negative assessment came after many weeks of rebellious comments from leaders claiming Huawei was technologically autonomous.
Huawei did not expect the US decision to "demolish" the company to be "as powerful and penetrating," Ren told Shenzhen headquarters.
This ban has forced companies, including Alphabet Inc. and Google ARM, to limit or terminate Huawei's transactions.
Huawei smartphone payments will fall by 40%, Ren said without indicating a period. Bloomberg announced that the tech giant was preparing for a 40% to 60% drop in international smartphone shipments.
Huawei reported a business turnover of 721.2 billion yuan ($ 104.16 billion) last year and said that a few months ago he was counting on a figure of $ 125 billion business this year.
"We did not expect to be attacked in so many ways," said Ren, adding that he was expecting a resumption of business in 2021, writes Reuters.
The United States has placed Huawei on a blacklist prohibiting US companies from dealing with the Chinese company, claiming that Huawei's products would allow China to spy on communications in the United States.
If you liked the article, follow MEDIAFAX.RO on FACEBOOK »
The content of the website www.mediafax.ro is solely for your personal information and your use. he is not allowed republish the content of this site without the consent of MEDIAFAX. To obtain this agreement, please contact us at [email protected].
Source link
