Huawei's revenue would fall by about 25.000 million dollars due to the US veto

On the part of Huawei, a strong loss of income is expected due to the US veto, which could end up being corrected in two years.

The consequence of the US veto to the Chinese company Huawei, is already having the first effects. These effects are not what Trump expected, but rather the opposite. All companies that are complying with the veto (partially postponed) are encountering significant financial holes. But of course they are also affecting the Chinese company. Ren Zhengfei, Huawei's CEO, has said that its annual revenue could reach $ 100 billion this year. Expect the same figure for 000, when they expected to earn $ 2020 billion.

The United States is the one who is losing the most with the veto of Huawei

Everything would indicate that only the Chinese company would lose benefits with all the veto mess. But American companies are the hardest hit, because it is not easy for other companies to absorb Huawei's space.

But the Chinese company is also noticing it. Zhengfei noted that the distribution of terminals outside of China has fallen by 40%. But the data is not definitive, since they expect to lose up to 60% of market share.

Regarding the veto, note that US companies must abide by it, whether they want to or not. Failure to do so could result in jail time, stratospheric fines, and even state intervention by the company. All because the NSA and the CIA have spied on the Chinese company to say that Huawei is spying on the United States. Possibly the dirtiest spy story ever.

"We did not expect that they would attack us in so many ways," says Ren Zhengfei, who also highlights that they expect an improvement in the situation by 2021.

“We can't get component supplies, we can't participate in many international organizations, we can't work closely with many universities, we can't use anything with US components, and we can't even connect to networks that use those components. components "

Source: Fudzilla