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

clock
Ren Zhengfei at a press conference earlier this year
Image:

Ren Zhengfei at a press conference earlier this year

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 that the...

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

More on Mobile Software

TikTok is the world's most downloaded app

New data unveils most popular apps of 2021

Research from Gravitee.io reveals who's winning the war for your smartphone

Otto Sumner
clock 01 December 2021 • 1 min read
Apple announces Self Service Repair programme to let customer fix devices themselves

Apple announces Self Service Repair programme to let customer fix iPhones themselves

'We never thought we'd see the day' says iFixit

clock 18 November 2021 • 2 min read
Alexandra Coulson, Global Head of Marketing, disguise

Making your mark: how to reinvent a brand in tech

When I joined visual storytelling technology company, disguise, I wanted to "make my mark" by helping disguise redefine its brand and marketing approach.

Computing
clock 17 November 2021 • 6 min read