Huawei CEO Ren Zhengfei admits US sanctions will cut revenues by $30bn

clock • 3 min read

Zhengfei admits he underestimated potential impact of being placed on US 'Entity List'

Huawei founder and CEO Ren Zhengfei has admitted that US sanctions will hit his company harder than originally anticipated. At a ‘Coffee with Ren' event today in Shenzhen, China Ren suggested th...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
14,000 jobs to go at Nokia as cost pressures bite

Corporate

Represents 17% of the workforce

clock 19 October 2023 • 2 min read
70,000 Sky Mobile customers disrupted as firm strips out Huawei

Mobile

Service outages have been experienced by mobile users across the country

clock 02 October 2023 • 2 min read
Huawei suspected of tracking visitors to MWC23 booth

Communications

Chinese tech giant under suspicion of allegedly tracking visitors to its booth at the Mobile World Congress (MWC) 2023 in Barcelona last month.

clock 07 March 2023 • 2 min read
Most read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Hardware

 Researchers create autonomous drones that chat like people and grab with hands

Researchers create autonomous drones that chat like people and grab with hands

Capable of 'thinking, entity control and environmental awareness'

Mark Ballard
clock 07 November 2023 • 3 min read
IT leaders must be hands-off helicopter parents

IT leaders must be hands-off helicopter parents

CIO panel agrees: Employees want IT to do everything, but they don't want to see it

Tom Allen
clock 14 September 2023 • 3 min read
Asian Tech Roundup: India's lunar triumph

Asian Tech Roundup: India's lunar triumph

Plus, China's digital funeral plans

Tom Allen
clock 25 August 2023 • 2 min read