Huawei founder says to cut output by $30bln in 2019-20

Shenzhen (China) (AFP) – The founder of Huawei said the Chinese telecom giant would slash production over the next two years as it grapples with a US push to isolate the company internationally.

“In the coming two years, the company will cut production by $30 billion,” Ren Zhengfei said during a panel discussion at corporate headquarters in Shenzhen.