 "Ren Zhengfei, Huawei")
China's Huawei will spend more on production equipment this year to ensure supply continuity, cut redundant roles and demote inefficient managers as it grapples with a "live-or-die moment" in the wake of US export curbs, founder Ren Zhengfei said.
His remarks come as the United States said this week it will extend by 90 days a reprieve that permits Huawei Technologies to buy components from US companies to supply existing customers, but it also moved to add more than 40 of Huawei's units to its economic blacklist.
In a memo sent to employees on Monday loaded with military metaphors, 74-year-old
