Huawei cut output by $30 billion in 2019-20
Huawei founder indicates that trouble maker company would slash its production over the next two years as it grapples with a US push to isolate the company internationally.
"In the coming two years, the company will cut production by $30 billion," Ren Zhengfei, founder of Huawei said to Pixr8 News.
Huawei earned just over $100 billion in revenue in 2018. But Ren, who compared Huawei to damaged aircraft, added that he expected the company to get back on its previous trajectory by 2021.
"In 2021, we will regain our vitality and (continue to) provide services to human society," he said. Huawei has emerged as a key bone of contention in the wider China-US trade war that has seen tit-for-tat tariffs imposed on hundreds of billions of dollars worth of goods.
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