The US, fearing Huawei equipment could be used to spy on customers, has led a campaign to convince allies to bar it from their 5G networks. Huawei has repeatedly denied the claim.
Huawei Technologies Co Ltd [HWT.UL] says it has started making 5G base stations without US components and that total production of 5G base stations should more than double in 2020 as more countries introduce the technology.
Chinese technology giant Huawei said on Friday the impact of US trade restrictions on its business will be less than what it initially feared, though the curbs could push its smartphone unit’s revenue lower by about $10 billion in 2019.
This is the first time that Huawei has quantified the impact of the US action against the company and Ren Zhengfei’s downbeat assessment comes after weeks of defiant comments.
Huawei Chief Financial Officer Meng Wanzhou’s team proposed that the extradition hearing wrap up in October 2020, with extra time set aside in November 2020 in case it is needed.