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.
Huawei Technologies’ founder told Bloomberg that retaliation by Beijing against Apple Inc was unlikely.
While Huawei’s founder brushes aside a US ban against his company, the telecom giant’s employees have been less sanguine, confessing fears for their future in online chat rooms.
The US’s Commerce Department granted Huawei a license to buy US goods until August 19, 2019 to maintain existing telecoms networks and provide software updates to Huawei smartphones.