Huawei faces a 'life or death crisis,' CEO says as he lays out 'battle' strategy amid US pressure

August 23, 2019

Huawei is facing a “life or death crisis” amid continued pressure from the U.S. government, its founder and CEO told employees, as he laid out a strategy for the Chinese telecommunications giant going forward. In a memo to employees of Huawei’s networking division seen by CNBC, Ren Zhengfei described the company’s current situation as a “battle.”