April 20, 2024 18:18 (IST)
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US sanctions may cost Huawei $30 billion in next 2 years: CEO

US sanctions may cost Huawei $30 billion in next 2 years: CEO

Beijing, June 17 (Sputnik): The United States' sanctions on Huawei will force the company to reduce its production capacities, which will in turn result in the tech giant's revenues dropping by approximately $30 billion over the next two years, Huawei CEO Ren Zhengfei said on Monday.