Huawei will not be beaten to death despite $30b hit: Ren Zhengfei

Huawei ban: Winners, losers, and what’s at stake (a whole lot)
ZDNet’s Jason Cipriani and Jason Perlow talk with Karen Roby about how the security and trade brouhaha impacts everything from the future of regional carriers and the bottom lines of tech giants to 5G’s prospects and consumer’s pocketbooks. Read more: https://zd.net/2WzVRbq

After finishing with revenues over $100 billion — 721 billion yuan — for 2018, Huawei is expecting to drop $30 billion of revenue from its forecast due to the trade war with the United States.

“In the next two years, I think we will reduce our capacity, our revenue will be down by about $30 billion compared to forecasts,” Huawei founder Ren Zhengfei said in Shenzhen on Monday.

“Our sales revenue this year and next will be about $100 billion.”

Ren said over the next two years, the Chinese giant would look to switch out…