Huawei Workers Return After Coronavirus, But CEO Sees Financial Hit


Most employees at Huawei Technologies Co. are back at work following the coronavirus outbreak, though the pandemic is likely to hit the Chinese telecom giant’s financial results this year, the company’s chief executive said.

Ren Zhengfei, who is also Huawei’s founder, also told The Wall Street Journal in an interview Wednesday that the company plans to boost its research and development budget this year by $5.8 billion to more than $20 billion.



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