Ren Zhengfei: Huawei’s revenue will bounce back in 2021


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Today in Shenzhen, Huawei founder, Ren Zhengfei, as well as “Forbes” famous writer George Gilde and the United States “Connected” magazine columnist, Nicholas Negroponte, exchange “peace talks”. Ren Zhengfei said that the US crackdown on Huawei will not prevent Huawei from advancing. Huawei will cut production in the next two years. It will become stronger after that. “Huawei is a bird that will not die and will regain its vitality in 2021,” he said

Ren Zhengfei

Ren Zhengfei said frankly that he did not think that the strategic determination of the United States to crack down on Huawei would be so great and so unwavering. “I don’t think that the United States is so extensive in its strategy to combat Huawei. It is not only to crack down on parts and components. We cannot participate in many international organizations. We cannot cooperate with American universities and cannot use anything from the American ingredients.”

However, he believes that these things can’t stop the pace of the company’s progress. “We didn’t think that things would be so serious. We made some preparations. Just like a bad plane, we only protect the heart…the fuel tank and other minor components are vulnerable.” He added

He said that Huawei will reduce production in the next two years. “We estimate that it will drop our revenue by $30 billion. The sales revenue this year and next year will be around $100 billion. In 2021, Huawei can regain its vitality and re-service. After this step, Huawei will become stronger and will continue to cooperate with American companies in the future.

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