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Huawei founder says revenue will be billions below forecast

Monday, June 17, 2019, 9:45 PM

Huawei's founder likened his company to a badly damaged plane Monday and said revenues will be $30 billion (roughly Rs. 2,10,000 crores) less than forecast over the next two years. The Chinese telecom giant will reduce capacity but US moves to restrict its business "will not stop us," Ren Zhengfei, who is also the CEO, said on a panel at company headquarters.
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Huawei Not A Military Company, Says China's Defence Minister

Monday, June 3, 2019, 9:18 AM

Huawei is not a-military-company despite its founder Ren Zhengfei's previous career in army, China's Defence-Minister General Wei Fenghe said amid growing US-China tensions over trade and technology in which the Chinese-telecom-giant has been a main-target. The US placed Huawei on an "entity list" on grounds of national security on May-16, a move that curbs its access to US-made components it needs for its equipment.
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Trump Urges UK To Be "Very Careful" In Involving Huawei In Its 5G Network

Sunday, June 2, 2019, 8:05 AM

US President Trump urged Britain to be "very careful" about involving Chinese tech giant Huawei in its new 5G-network, in an interview published ahead of his state visit to London. Asked about reports that Britain is planning to give the firm a-limited-role, Trump told the Sunday Times newspaper: "Well, you have other alternatives and we have to be very careful from standpoint of national-security."

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