Huawei chairman Ren Zhengfei has said the firm is going into “ battle mode ” to survive the impact of US export curbs as it faces a “ live - or - die moment ” . Although the US has granted the Chinese manufacturing company a reprieve to purchase components from US suppliers , more than 40 of its operating locations have been added to a US list . The firm is to spend more on production equipment and is cutting unnecessary layers and inefficient posts . Although Ren has said the ban was worse than expected , staff should do their best to meet a sales target of about $ 125bn .
Huawei founder Ren Zhengfei has said the company is going into “battle mode” to survive the impact of US export curbs as it faces a “live-or-die moment”. Although the US has granted the Chinese technology company a reprieve to buy components from US suppliers, more than 40 of its operating units have been added to a US blacklist. The firm is to spend more on production equipment and is cutting reporting layers and inefficient posts. Although Ren has said the ban was worse than expected, staff should do their best to meet a sales target of about $125bn.