TOKYO -- Huawei Technologies on Monday slashed its sales expectations for the next two years by $30 billion, setting expectations at roughly $100 billion in 2020, as it announced plans to retrench in the face of Washington's campaign to restrict the Chinese tech giant amid a bitter trade battle with Beijing.
Huawei crackdown
Huawei CEO admits $30bn hit to 2020 sales as US offensive bites
Founder pledges to maintain R&D spending despite setbacks
Screenshot of Huawei's Ren Zhengfei as he reveals a $30bn hit to 2020 sales expectations in an interview on China Global Television Network on June 17, 2019.
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