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Huawei prepares to enter in the ‘battle mode’ to beat U.S. restrictions
Huawei founder and CEO, Ren Zhengfei told his company to ensure and take every possible measurement on the current “live-or-die moment” in response to US blacklisting.
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On August 19, US commerce Department secretary Wilbur Ross announced that it is extending Huawei’s reprieve by another 90 days. However, the department also announced that it added 46 more subsidiaries to the entity list, elevating the total number to more than 100 Huawei entities.
Ren in a memo sent to Huawei employees on Monday asked staff to work their extent to complete the sales target, as the firm goes into ‘battle mode’ to survive the current crisis, reported Reuters.
“The company is facing a live-or-die moment,” Ren, a former Chinese army officer, said in the memo. Huawei confirmed the contents of the memo.
“If you cannot do the job, then make way for our tank to roll; And if you want to come on the battlefield, you can tie a rope around the ‘tank’ to pull it along, everyone needs this sort of determination!”
In May, Huawei was added in US Entity List, which bars the company from doing business with the US firms and expected to affect the company’s business. Despite the restrictions, the company posted a 23% revenue hike for the first half.
Ren said in the memo, “In the first half, our results looked good, it is likely because our Chinese clients were sympathetic and made payments in time, the big volume made cash flow look good, this doesn’t represent the real situation.”
He is also the confidence to see a positive outcome from the full-year results and said it needs to “spend the money and solve the production continuity issue” by increasing investment on things including production equipment.
“In 3-5 years, Huawei will be flowing with new blood,” Ren said. “After we survive the most critical moment in history, a new army would be born. To do what? Dominate the world,” Ren said.
