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

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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...

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