Huawei Says ‘Survival Is the Goal’ as Us Crackdown Hammers Its Business
Hong Kong (CNN Business) — Huawei says it is in survival mode as continuous “attacks” from the United States threaten to choke off the Chinese company’s access to key technology.
“Huawei is in a difficult situation these days. Nonstop aggression from the US government has put us under significant pressure,” the company’s rotating chief executive Guo Ping said at a conference on Wednesday.
“Right now, survival is the goal,” he said.
Washington has ramped up pressure on Huawei, issuing fresh sanctions in May and August that further restrict the company’s access to the leading edge computer chips it needs to manufacture smartphones, 5G networking gear and other products.