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Huawei Vows to Shake Up Ranks as Trump’s Curbs Bite in 2020

  • The No. 2 phone maker shipped 240 million devices in 2019
  • China’s top tech company is bracing for a painful year ahead
Eric Xu
Eric XuPhotographer: Joan Cros Garcia/Corbis via Getty Images
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Huawei Technologies Co. will overhaul its management ranks after revenue growth slowed in the latter half of 2019, when U.S. sanctions spooked customers and suppliers around the globe.

China’s biggest technology company recorded an 18% rise in sales to 850 billion yuan ($120 billion) this year, down from about 23% in the first half and missing its own internal targets. Huawei should brace for a similar hit in 2020 if the White House maintains curbs on the sale of software and circuitry it needs, like essential Android phone apps, Rotating Chairman Eric Xu said in a Tuesday memo to Huawei’s 190,000 employees.