Huawei founder Ren Zhengfei calls for decentralisation, focus on profits to survive US trade sanctions

Huawei Technologies Co. must decentralise its operations, simplify product lines, focus on generating profit, and maintain pay levels for three to five years to survive US trade restrictions, according to a recently published speech from company founder and CEO Ren Zhengfei. Ren made the speech last June, but Huawei only made it public on Friday, two days after the inauguration of US President Joe Biden. The Shenzhen-based telecoms equipment giant has faced many obstacles in the past six months: