Huawei is facing a "life or death crisis" amid continued pressure from the U.S. government, its founder and CEO told employees, as he laid out a strategy for the Chinese telecommunications giant going forward.
- Huawei is facing a "life or death crisis" amid continued pressure from the U.S. government, Ren Zhengfei, its founder and CEO told employees.
- The Huawei boss laid out plans to bring more efficiencies to the organization, including simplifying the reporting structure and moving managers to other positions where required.
- The Chinese tech giant is on a U.S. blacklist which restricts American businesses from selling products to Huawei. Those restrictions have been eased for another 90 days.
In a memo to employees of Huawei's networking division seen by CNBC, Ren Zhengfei described the company's current situation as a "battle." Ren is well-known for using military language in his communications with employees.
In May, the company was put on a U.S. blacklist — or the so-called Entity List — which restricts American businesses from selling to the Chinese firm. Huawei relies on a lot of American technology from software to hardware....MORE
Thursday, August 22, 2019
"Huawei faces a 'life or death crisis,' CEO says as he lays out 'battle' strategy amid US pressure"