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Huawei crackdown

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

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

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

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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