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Huawei founder: Revenue to be billions below forecast

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Huawei founder and CEO Ren Zhengfei is warning the company's revenue will be damaged by the U.S. government ban on its products.

The Chinese telecommunications giant expects revenue to be $30 billion less than forecast over the next two years.

“We never thought that the U.S.’s determination to attack Huawei would be so strong, so firm," Zhengfei said.

Read more from The Associated Press.

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