Huawei's consumer business group CEO Richard Yu announced Aug. 7 at the 2020 China Info 100 Summit that the company will forgo Kirin chipsets after Sep. 15.
Huawei said the indictment was not based on law enforcement, but was rather an attempt to cause irreversible damage to the company’s reputation and businesses for competitive reasons.
Huawei’s full-year revenue would likely soar 18% in 2019 to 850 billion yuan ($121.72 billion), lower than its earlier estimates, with a US boycott likely impeding the company’s growth.
Huawei recently responded to reporting from the Wall Street Journal, insisting that Huawei’s relationship with the Chinese Government is no different than other private companies’.
Huawei’s Consumer Business CEO revealed that Huawei’s total mobile phone shipments are to reach 230 million, surpassing Apple as the second most globally, just behind Samsung.
Lawyers for Huawei’s CFO, Meng Wanzhou, have won a court battle after a judge asked Canada’s attorney general to hand over more evidence and documents relating to her arrest.
In a recent wide-ranging conversation with The Globe’s Nathan VanderKlippe, Huawei Founder and CEO Ren Zhengfei commented on his daughter’s arrest and Huawei’s strategy more broadly.
The US Commerce Department said on Monday that they would grant Chinese telecom giant Huawei a 90-day extension on their license allowing them to do business with American companies.
The US government is set to make yet another two-week extension to its license targeted at Chinese telecoms giant Huawei, allowing it to continue doing business with US companies for a short while.
