Wednesday, July 24, 2019
Search local News Headlines in your area now! | Login | Create a free account
Share |

Huawei says US ban will cost it $30B in lost revenue

Following a string of trade restrictions from the U.S., China’s telecoms equipment and smartphone maker Huawei expects its revenues to drop $30 billion below forecast over the next two years, founder and chief executive Ren Zhengfei said Monday during a panel discussion at the company’s Shenzhen headquarters. Huawei’s production will slow down in the next […]...

Read Full Story.

News Posted By: TechCrunch - Monday, 17 June