Huawei CEO slashes impact of US blacklisting to $10bn from $30bn

Chinese group has eased its reliance on American tech for 5G

20190926 Huawei CEO Ren Zhengfei

Huawei founder and CEO Ren Zhengfei speaks at the company's headquarters in Shenzhen on Sept. 26.

TAKASHI KAWAKAMI and CHENG TING-FANG, Nikkei staff writers

SHENZHEN/TAIPEI -- China's Huawei Technologies, the world's top telecom equipment company, on Thursday slashed the estimated revenue damage from U.S. sanctions by two-thirds to $10 billion and said it now could survive without American suppliers.

Founder and CEO Ren Zhengfei, speaking at the company's headquarters in Shenzhen, adopted a public relations pose that mixed charm and defiance.

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