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Huawei Chief Predicts Sales Will Flatline After Trump Crackdown


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Huawei Chief Predicts Sales Will Flatline After Trump Crackdown

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SHANGHAI — The chief executive of Huawei, the Chinese technology giant, said on Monday that he expected the company’s annual revenue to slip this year to about $100 billion as the Trump administration’s crackdown on the firm takes a bite out of its business.

Huawei earned more than $105 billion in sales last year, helped by its fast-growing smartphone business. The company’s chief executive, Ren Zhengfei, said in January that he expected another bumper year in 2019, with sales jumping to $125 billion.

But that was before the United States cut the company off from the American chips, software and other parts that go into its handsets and telecommunication equipment, saying that the firm represented a threat to national security. American officials have long said that Huawei’s products could be used by Beijing to disrupt or sabotage digital communications, charges that the company vehemently rejects.

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Washington has taken its case against the Chinese giant to many of its allies overseas, leading governments around the world to reconsider whether the firm should be allowed to build next-generation 5G telecom infrastructure.

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