Huawei Puts a Price on Trump’s Aggression
- Chinese firm foresees lower impact from export restrictions
- It’s exploring ways to replace Cadence, Synopsys design tools
This article is for subscribers only.
Huawei Technologies Co. expects U.S. export restrictions to reduce annual revenue at its consumer devices business by about $10 billion, as the company is banned from buying American components like semiconductors and software.
China’s largest technology company is seeking ways to replace key U.S. suppliers such as Cadence Design Systems Inc. and Synopsys Inc., Deputy Chairman Eric Xu said Friday. The overall damage to the company will be a “little less” than billionaire founder Ren Zhengfei’s initial estimate, Xu added.