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Daily Crunch: Huawei predicts $30B in lost revenue

Anthony Ha
Daily Crunch: Huawei predicts $30B in lost revenue

The Daily Crunch is TechCrunch's roundup of our biggest and most important stories. Following a string of trade restrictions from the U.S., China’s Huawei expects its revenues to drop $30 billion below forecast over the next two years, founder and chief executive Ren Zhengfei said today.