The Chinese telecom giant plans to cut production in order to survive the slowdown, says company founder Ren Zhengfei

Taiwan News
Date: 2019/06/17
By: Judy Lo, Taiwan News, Staff Writer

TAIPEI (Taiwan News) – The founder and CEO of China’s Huawei Technologies, Ren Zhengfei (任正非),

confirmed Monday (June 17) that overseas smartphone sales have dropped 40 percent since the U.S. clampdown, reported Central News Agency.

Ren also admitted that Huawei is under tremendous pressure from the U.S. because Washington suspects the company might be secretly cooperating with China’s security agencies. This is the first time Ren has spoken explicitly about Huawei suffering from the U.S. crackdown.

Ren attended a panel discussion held at the telecom giant’s headquarters in the Chinese city of Shenzhen, on Monday. When a journalist asked him if Huawei’s overseas smartphone sales had dropped as much as 40 percent, he confirmed this was true.

“Yes,” Ren said, “it went down 40 percent.”    [FULL  STORY]