Huawei founder: a moment of life and death

The founder of "Huawei" Ren Ching says that Chinese society is going through a "life or death" and intends to take a series of measures, including the reduction of surplus jobs, to cope with the crisis.

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Although the US government has granted Huawei a 90-day exemption to buy components from US companies, the uncertainty surrounding Chinese society has cost it dearly, given the restrictions imposed by the United States.

The company predicts that smartphone sales will shrink by 60 million devices this year due to restrictions imposed by the United States, the loss of the "Android" system of the company "Google" making these unwanted devices outside the China.

In an internal memo, Huawei's founder called on employees to work hard to increase the company's sales, pointing out that the company was going through a crucial period.

He pointed out that the good results achieved by the company in the first half of this year did not reflect the actual situation in which revenues had increased by 23% in the first half, underlining that "Huawei" had to solve the problem of continuity of the production by increasing strategic investments.

Huawei is a key element in the trade war between Beijing and Washington, which put the Chinese giant on the blacklist last May under the pretense of national security risks, accusing Washington of spying.

Source: Bloomberg

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