The Chinese company's founder and CEO, Ren Zhengfei, say figures are likely to be $30 billion lower than previously forecast over the next two years. Huawei is suffering the effect of US attempts to isolate it international.
Huawei’s revenues for the first half of 2019 were up and, despite US blacklisting it in May, the Chinese telco is confident of more growth this year. It is now even wooing US allies, like Poland, with investment pledges.
Trump has lifted his trade ban on Huawei, but that won't keep the tech giant from trying to become as independent as possible. The move plays into the hands of Chinese tech and does the US no favors, says Frank Sieren.
China does everything it can to block access to information, particularly from the foreign press. So letting a Chinese firm build Germany's 5G network is naive, to say the least, says DW Director General Peter Limbourg.
A truce in the US-China trade dispute that could ease restrictions on Chinese telecom giant Huawei has caused an uproar in Washington over national security concerns.
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