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

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 …

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