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Huawei founder says growth "may slow, but only slightly" after U.S. restrictions
By Kanishka Singh
•May 18, 2019
"It is expected that Huawei's growth may slow, but only slightly," Ren told Japanese media in his first official comments after the U.S. restrictions, adding that the company's annual revenue growth may undershoot 20%.
Ren said the company was prepared for such a step and that Huawei would be "fine" even if U.S. smartphone chipmaker Qualcomm Inc and other American suppliers would not sell chips to the company.
Huawei's chip arm HiSilicon said on Friday it has long been prepared for the scenario that it could be banned from purchasing U.S. chips and technology, and is able to ensure steady supply of most products.
The Huawei founder said that the company will not be taking instructions from the U.S. government.
"We will not change our management at the request of the U.S. or accept monitoring, as ZTE has done," he said.