China’s Huawei says revenue down 2.2% so far this year
2 years, 1 month ago

China’s Huawei says revenue down 2.2% so far this year

Associated Press  

BEIJING — Chinese tech giant Huawei’s revenue rose in the latest quarter as infrastructure sales helped to offset damage to its smartphone business under U.S. sanctions, according to figures released Thursday. Revenue in the first nine months of 2022 declined 2.2% from a year earlier to 445.8 billion yuan, according to the company, the biggest maker of network gear for phone and internet carriers. Huawei Technologies Ltd., China’s first global tech brand, has struggled since then-President Donald Trump blocked access to U.S. processor chips and other technology in 2019. “The decline in our device business continued to slow down, and our ICT infrastructure business maintained steady growth,” said Eric Xu, one of three Huawei executives who take turns as chairman, in a statement.

Huawei Chinese Billion Revenue Rose  chinas  technology  tech  company  released  22  billion  business  far  sales  revenue  rose  yuan  huawei  chinese

History of this topic

Huawei vs Apple: What does the Global South care about?
1 month, 1 week ago

Huawei vs Apple: What does the Global South care about?

China Daily  

Customers examine Huawei Mate XT trifold smartphones at a flagship store of the Chinese technology giant in Shanghai. This split leaves Global South countries in an unenviable position: opting for Huawei's affordable yet quality products risks being seen by the West as siding with China. We hope that major countries uphold the spirit of contract and market principles, and work …

China's smartphone shipment grows to 68.8m in Q3, records growth
1 month, 1 week ago

China's smartphone shipment grows to 68.8m in Q3, records growth

China Daily  

By Fan Feifei | chinadaily.com.cn | Updated: 2024-11-14 11:23 Nubia Technology unveils its latest handsets for gaming and esports enthusiasts, the Red Magic 10 Pro series. China's smartphone shipments increased in the third quarter of the year, fueled by a surge in device upgrades driven by sustained pent-up demand, according to a report from global market research company, International Data …

Huawei vs Apple: What does the Global South care about?
1 month, 1 week ago

Huawei vs Apple: What does the Global South care about?

China Daily  

Customers examine Huawei Mate XT trifold smartphones at a flagship store of the Chinese technology giant in Shanghai. This split leaves Global South countries in an unenviable position: opting for Huawei's affordable yet quality products risks being seen by the West as siding with China. We hope that major countries uphold the spirit of contract and market principles, and work …

Huawei Founder Encourages Young People to Embrace AI-Driven Entrepreneurship Without Complaints or Regrets
1 month, 3 weeks ago

Huawei Founder Encourages Young People to Embrace AI-Driven Entrepreneurship Without Complaints or Regrets

China Daily  

Huawei's founder emphasizes the importance of pursuing dreams without complaints and regrets when starting a business. He highlights the transformative power of AI and the challenges faced by Chinese companies due to US sanctions. He encourages young entrepreneurs to embrace the opportunities presented by the intelligent era and not be deterred by the competitive landscape.

Huawei sees first-half earnings surge on smartphone renaissance
3 months, 3 weeks ago

Huawei sees first-half earnings surge on smartphone renaissance

The Hindu  

Chinese tech giant Huawei reported hefty jumps in first-half revenue and net profit on Thursday, with smartphone sales robust and its smart car components business also doing well despite U.S. sanctions. Huawei did not give an earnings breakdown for individual units, but a spokesperson said its mainstay consumer business, which includes smartphones and PCs, as well as its smart car …

China sees an increase in 5G smartphone shipments
5 months, 1 week ago

China sees an increase in 5G smartphone shipments

China Daily  

iQOO unveiled its latest phone Neo9S Pro+, which features its self-developed Q1 gaming chip and Qualcomm's Snapdragon 8 chip. A total of 25.53 million 5G phones were shipped in China, marking a 26.6 percent year-on-year growth and accounting for 84.2 percent of the total mobile phone shipments during May, the report said. From January to May 2024, the cumulative shipment …

China's software, IT service industry sees double-digit growth in revenue, profits
6 months, 3 weeks ago

China's software, IT service industry sees double-digit growth in revenue, profits

China Daily  

BEIJING - China's software and information technology service industry reported double-digit year-on-year growth in terms of both revenue and profits in the first four months of 2024, official data showed. Total profits of the sector jumped by 14.3 percent year-on-year to 431.4 billion yuan during this period, while combined revenue rose by 11.6 percent to 3.8 trillion yuan, according to …

Consumer electronics sales looking up
7 months ago

Consumer electronics sales looking up

China Daily  

Consumers experience Vivo smartphones at a store in Shanghai in March. Ming-Chi Kuo, an analyst at TF International Securities, said that the Pura 70 series, featuring Huawei's self-developed HarmonyOS 4.2 operating system and its in-house large language model to support more AI functions — such as automatically deleting unwanted objects in photos — is expected to see more significant sales …

Execs, experts endorse nation's pursuit of cutting-edge growth
7 months, 1 week ago

Execs, experts endorse nation's pursuit of cutting-edge growth

China Daily  

Strategic guarantee Huawei began selling its much-anticipated Pura 70 smartphone series last month, which is widely seen as the key to further reviving its smartphone business in China despite lingering technological restrictions by the United States. The latest phone showcases Huawei's technological strength and resilience amid mounting pressure, and it could enjoy a sales boom similar to that of Huawei's …

Experts flay fresh US chip curbs
7 months, 2 weeks ago

Experts flay fresh US chip curbs

China Daily  

Shoppers try out Huawei's Pura 70 series smartphones at a store in Jinhua, Zhejiang province. SHI BUFA/FOR CHINA DAILY The United States' restrictions on exports of purely civilian semiconductor products to China, and its move to cut off supplies to specific Chinese companies, smack of economic coercion — and such measures not only violate rules of the World Trade Organization …

U.S. revokes some export licenses for China's Huawei
7 months, 2 weeks ago

U.S. revokes some export licenses for China's Huawei

The Hindu  

May 08, 2024 08:49 am | Updated 08:49 am IST - WASHINGTON The U.S. on Tuesday said it revoked some licenses that allow companies to ship goods, such as chips, to sanctioned Chinese telecommunications equipment maker Huawei Technologies. The revocations come after a years-long review of the U.S. policy on what U.S. goods and technology could be shipped to Huawei, …

China's smartphone shipments reach 69.3m units in Q1
7 months, 2 weeks ago

China's smartphone shipments reach 69.3m units in Q1

China Daily  

A consumer checks out an Honor smartphone at a store in Shanghai in January. WANG GANG/FOR CHINA DAILY BEIJING - China's smartphone shipments grew by 6.5 percent year on year to 69.3 million units in the first quarter of 2024, data from a recent industry report showed. Although this growth figure was supported by a low comparison base year, it …

Can the US Counter Huawei’s Normalcy?
7 months, 2 weeks ago

Can the US Counter Huawei’s Normalcy?

The Diplomat  

Ads for Huawei smartwatches are ubiquitous across Tokyo this spring, with the latest model promising better record-keeping and ultimately better performance for the wearer on the green. Japan has already aligned itself with Washington’s staunch position against the proliferation of Huawei over the years, which first began with the United States banning the company from bidding for U.S. government contracts …

China's smartphone market grows 6.5% in Q1
7 months, 4 weeks ago

China's smartphone market grows 6.5% in Q1

China Daily  

By Sun Chi | chinadaily.com.cn | Updated: 2024-04-25 17:32 Customers try smartphones in the Pura 70 series at a Huawei retail store in Shanghai on April 19. China's smartphone market saw shipments reach about 69.26 million units, an increase of 6.5 percent in the first quarter of 2024 on a yearly basis, according to a latest report by market consultancy …

China's smartphone market grows 6.5% in Q1
7 months, 4 weeks ago

China's smartphone market grows 6.5% in Q1

China Daily  

By Sun Chi | chinadaily.com.cn | Updated: 2024-04-25 17:32 Customers try smartphones in the Pura 70 series at a Huawei retail store in Shanghai on April 19. China's smartphone market saw shipments reach about 69.26 million units, an increase of 6.5 percent in the first quarter of 2024 on a yearly basis, according to a latest report by market consultancy …

Huawei's new smartphone series seen as key to revival
8 months ago

Huawei's new smartphone series seen as key to revival

China Daily  

By MA SI | China Daily | Updated: 2024-04-18 22:52 Customers try smartphones in the Pura 70 series at a Huawei retail store in Shanghai on Thursday. Huawei Technologies Co officially launched on Thursday the sales of its much-anticipated Pura 70 smartphone series, which is widely seen as key to further reviving its smartphone business in China despite lingering technological …

Huawei’s profit more than doubles in 2023, sales up 9.6% as cloud and digital businesses grow
8 months, 3 weeks ago

Huawei’s profit more than doubles in 2023, sales up 9.6% as cloud and digital businesses grow

Associated Press  

HONG KONG — Chinese telecoms gear company Huawei Technologies has reported its profit more than doubled last year as its cloud and digital businesses thrived in spite of U.S. sanctions. Huawei’s rotating chairman Ken Hu said the company’s figures were in line with forecasts. Huawei, one of China’s first global tech brands, has been caught up in China-U.S. tensions over …

Apple China iPhone sales plunge 24% as Huawei's popularity surges
9 months, 2 weeks ago

Apple China iPhone sales plunge 24% as Huawei's popularity surges

The Hindu  

Apple's iPhone sales in China fell 24% year-on-year in the first six weeks of 2024, according to research firm Counterpoint, as the U.S. company faced increased competition from domestic rivals such as Huawei. The U.S. tech giant's chief competitor in China in premium smartphones, Huawei, saw unit sales rise by 64% in the period, according to the report. Apple "faced …

Chinese companies shine at MWC
9 months, 3 weeks ago

Chinese companies shine at MWC

China Daily  

A laptop with a transparent screen, a new product from Chinese personal computer manufacturer Lenovo, draws interest from visitors on Monday at the event. GAO JING / XINHUA During this year's MWC, Huawei launched the world's first 5G-A intelligent core network to support more cutting-edge applications. Eager to tap into the huge potential, China Mobile, the world's largest telecom carrier …

Nvidia identifies Huawei as top competitor for the first time: What this means
10 months ago

Nvidia identifies Huawei as top competitor for the first time: What this means

Hindustan Times  

Nvidia identified Huawei as a top competitor in several categories, including artificial intelligence chips, for the first time in a filing with the Securities and Exchange commission late Wednesday. The Santa Clara, California-based company said that China's Huawei competes in supplying chips designed for artificial intelligence such as graphics processing units, central processing units and networking chips. Last year, Reuters …

New model to hike Huawei's market share
10 months ago

New model to hike Huawei's market share

China Daily  

A Huawei's foldable smartphone Pocket 2 on display. Huawei Technologies Co unveiled its latest clamshell-style foldable smartphone series Pocket 2 on Thursday, after the company regained the No 1 spot in China's smartphone market in the first two weeks of 2024 amid the US government's prolonged restrictions. The move also came as Huawei consolidated its position in the Chinese foldable …

Big Trouble: iPhone Sales in China Continue To Fall Putting Apple Under Pressure
11 months, 2 weeks ago

Big Trouble: iPhone Sales in China Continue To Fall Putting Apple Under Pressure

News 18  

BEIJING: Apple's iPhone sales in China dropped by 30% in the first week of 2024, Jefferies analysts said in a note, adding to signs of growing competitive pressures from domestic rivals such as Huawei for the U.S. tech giant. The decline in Apple's sales was the primary catalyst for an overall double-digit drop in China smartphone shipments for the first …

Huawei forecasts revenue growth in 2023 as smartphones surge, indicating rebound after sanctions
11 months, 3 weeks ago

Huawei forecasts revenue growth in 2023 as smartphones surge, indicating rebound after sanctions

The Hindu  

Chinese tech giant Huawei Technologies expects to report revenue exceeding 700 billion yuan for 2023, according to comments from rotating chairman Ken Hu in an internal new year message seen by Reuters. The forecast offers further evidence that Huawei is rebounding after U.S. sanctions starting in 2019 impacted some of its business lines by restricting access to critical global technologies …

Huawei expects 2023 revenue increase despite external challenges
11 months, 3 weeks ago

Huawei expects 2023 revenue increase despite external challenges

China Daily  

By Ma Si | chinadaily.com.cn | Updated: 2023-12-29 13:30 Pricing details of Huawei's Mate 60 Pro smartphones are seen on smartphones displayed at a Huawei store in Shanghai, September 8, 2023. Huawei Technologies Co expects its revenue to hit 700 billion yuan in 2023, after the company made a strong comeback in its smartphone business with the Mate 60 series …

China iPhone sales strong, Apple tells investors as Huawei threat looms
1 year, 1 month ago

China iPhone sales strong, Apple tells investors as Huawei threat looms

The Hindu  

Apple said on Thursday that demand for its iPhones in China was strong, trying to reassure investors who are worried it is losing ground to a newly resurgent Huawei Technologies and other local smartphone makers. Research firm Canalys estimated that overall smartphone sales in China fell 3% in July-September from a year earlier as consumers bought fewer smartphones as an …

Huawei reports its revenue inched higher in January-September despite US sanctions
1 year, 1 month ago

Huawei reports its revenue inched higher in January-September despite US sanctions

Associated Press  

HONG KONG — Chinese telecoms equipment maker Huawei Technologies said its revenue edged higher in the first three quarters of the year, even as it grappled with U.S. sanctions that have hindered both its sales and its purchases of advanced technology. The Shenzhen-headquartered firm said Friday that it generated 456.6 billion yuan in revenue for the first nine months of …

Huawei reports its revenue inched higher in January-September despite US sanctions
1 year, 1 month ago

Huawei reports its revenue inched higher in January-September despite US sanctions

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chinese telecoms equipment maker Huawei …

Huawei unveils premium Ultimate Design handset
1 year, 2 months ago

Huawei unveils premium Ultimate Design handset

China Daily  

Andy Lau, a Hong Kong entertainment star and Huawei's brand ambassador, seen at a launch event for Huawei's new products in Shenzhen, Guangdong province, on Monday. CHINA DAILY Latest launch represents growing reset, comeback for Chinese tech heavyweight Huawei Technologies Co unveiled a string of new products, including brand-new high-end smartphone brand Ultimate Design, on Monday, as the Chinese tech …

Samsung and Huawei to spearhead foldable smartphone surge in 2024: Counterpoint Research Report
1 year, 3 months ago

Samsung and Huawei to spearhead foldable smartphone surge in 2024: Counterpoint Research Report

India TV News  

The global market for foldable smartphones is poised for significant growth in 2024, driven by the introduction of more affordable entry-level products. In the second quarter of this year, the global foldable smartphone market experienced a significant 10% year-on-year growth, totalling 2.1 million units. In Q2, the Chinese foldable smartphone market achieved remarkable success, surging 64% year-on-year to reach 1.2 …

Huawei unit ships Chinese-made surveillance chips in fresh comeback sign, sources
1 year, 3 months ago

Huawei unit ships Chinese-made surveillance chips in fresh comeback sign, sources

The Hindu  

A Huawei Technologies unit is shipping new Chinese-made chips for surveillance cameras in a fresh sign the Chinese tech giant is finding ways around four years of U.S. export controls, two sources briefed on the unit's efforts said. The shipments to surveillance camera manufacturers from the company's HiSilicon chip design unit started this year, according to one of the sources, …

Today’s Cache | Google expands Bard integration; Neuralink’s brain-chip to begin human trials; U.S. questions Huawei’s manufacturing capabilities
1 year, 3 months ago

Today’s Cache | Google expands Bard integration; Neuralink’s brain-chip to begin human trials; U.S. questions Huawei’s manufacturing capabilities

The Hindu  

Google expands Bard integration Google announced it is upgrading its AI-powered chatbot Bard by combining it with apps such as Gmail, Docs, YouTube, and Flights so that users can get a more helpful and multimodal experience called Bard Extensions. Neuralink’s brain-chip to begin human trials Elon Musk’s brain-chip startup Neuralink said it has received approval from an independent review board …

U.S. has no evidence Huawei can make advanced smartphones in large volumes
1 year, 3 months ago

U.S. has no evidence Huawei can make advanced smartphones in large volumes

The Hindu  

The U.S. has no evidence that Chinese manufacturer Huawei can produce smartphones with advanced chips in large volume, U.S. Commerce Secretary Gina Raimondo said on Tuesday. Huawei recently started selling its Mate 60 Pro phone containing a chip that analysts believe was made with a technology breakthrough by Chinese chip foundry Semiconductor Manufacturing International Corp. "We don't have any evidence …

China’s Huawei to re-enter 5G smartphone
1 year, 3 months ago

China’s Huawei to re-enter 5G smartphone

The Hindu  

Huawei may launch a mid-range 5G phone as soon as October, China's IT Times reported on Tuesday, in what would be another sign the technology giant has overcome U.S. sanctions. From 2019, the U.S. has restricted Huawei's access to chipmaking tools essential for producing the most advanced handset models, with the company only able to launch limited batches of 5G …

China says it has not banned purchase, use of iPhones, foreign phone brands
1 year, 3 months ago

China says it has not banned purchase, use of iPhones, foreign phone brands

The Hindu  

China has not issued a ban on the purchase and use of foreign phone brands, the Chinese foreign ministry said on Wednesday, in response to media reports that said some government agencies and firms had told staff to stop using Apple's iPhones at work. "China has not issued laws, regulations or policy documents that prohibit the purchase and use of …

China's Huawei poised to overcome U.S. ban with return of 5G phones: Report
1 year, 5 months ago

China's Huawei poised to overcome U.S. ban with return of 5G phones: Report

The Hindu  

China's Huawei Technologies is plotting a return to the 5G smartphone industry by the end of this year, according to research firms, signalling a comeback after a U.S. ban on equipment sales decimated its consumer electronics business. Huawei should be able to procure 5G chips domestically using its own advances in semiconductor design tools along with chipmaking from Semiconductor Manufacturing …

China's Huawei Poised To Overcome US Ban With Return Of 5G Phones: Report
1 year, 5 months ago

China's Huawei Poised To Overcome US Ban With Return Of 5G Phones: Report

News 18  

China’s Huawei Technologies is plotting a return to the 5G smartphone industry by the end of this year, according to research firms, signalling a comeback after a U.S. ban on equipment sales decimated its consumer electronics business. Huawei should be able to procure 5G chips domestically using its own advances in semiconductor design tools along with chipmaking from Semiconductor Manufacturing …

Huawei defends intellectual property
1 year, 6 months ago

Huawei defends intellectual property

China Daily  

A view of the booth of Huawei at an expo in Yokohama, Japan. Huawei Technologies Co said on Tuesday that protecting intellectual property is the only way to achieve innovation and charging reasonable licensing fees for using its patented technology is the result of innovation rather than the purpose of production. Huawei said in a statement to China Daily that …

Huawei profit sinks in 2022 amid sanctions, but sales higher
1 year, 8 months ago

Huawei profit sinks in 2022 amid sanctions, but sales higher

Associated Press  

HONG KONG — Huawei on Friday reported a nearly 70% decline in profit last year amid sanctions and pandemic challenges, but its enterprise sales rose as the Chinese technology giant sought to pivot into digital industries and reduce its vulnerabilities to U.S. sanctions. “While it’s true that we have considerable pressures ahead of us, we still see opportunities to grow …

Huawei profit sinks in 2022 amid sanctions but sales higher
1 year, 8 months ago

Huawei profit sinks in 2022 amid sanctions but sales higher

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Huawei on Friday reported a …

Huawei Chief Says Thousands of US-Banned Parts Replaced in Its Devices
1 year, 9 months ago

Huawei Chief Says Thousands of US-Banned Parts Replaced in Its Devices

News 18  

– Huawei Technologies Co Ltd's founder said that the company has replaced more than 13,000 parts in its products that were hit by U.S. trade sanctions, according to a transcript of a speech posted on Friday by a Chinese university. According to the transcript posted by Shanghai Jiao Tong University, Huawei founder Ren Zhengfei said Huawei had over the past …

Huawei has replaced thousands of U.S.-banned parts in its products, founder says
1 year, 9 months ago

Huawei has replaced thousands of U.S.-banned parts in its products, founder says

The Hindu  

Huawei Technologies Co Ltd. has replaced more than 13,000 parts in its products that were hit by U.S. trade sanctions, the Chinese tech giant's founder said, according to a speech transcript posted on Friday by a Chinese university. According to the transcript of the February speech posted by Shanghai Jiao Tong University, Ren Zhengfei said Huawei had over the past …

Apple supplier Foxconn plans to rely less on China for revenue
1 year, 9 months ago

Apple supplier Foxconn plans to rely less on China for revenue

Live Mint  

TAIPEI : Foxconn Technology Group, one of Apple’s biggest suppliers, said it would rely less on China as a source of revenue as it diversifies production sites to strengthen supply-chain resilience. Taiwan-based Foxconn, best known for assembling Apple Inc.’s iPhones and other products in big plants in mainland China, has been diversifying its production sites as well as the products …

Big Beijing Steps In: How Chinese brands are replacing iPhones and Audis in Russia’s sanction-hit economy
1 year, 9 months ago

Big Beijing Steps In: How Chinese brands are replacing iPhones and Audis in Russia’s sanction-hit economy

Firstpost  

The Ukraine invasion saw an exodus of global brands from Russia. Apple’s iPhones and Samsung’s Galaxies were favourites but after the electronic giants left the Russian market a year ago, the popularity of Chinese phones soared. Carmakers including Geely Automobile Holdings Ltd, minivan maker Chery Automobile Co and Great Wall Motor Co, which is known for its affordable Haval brand …

Huawei dominates MWC mobile tech fair despite US sanctions
1 year, 9 months ago

Huawei dominates MWC mobile tech fair despite US sanctions

Associated Press  

BARCELONA, Spain — A contingent of Chinese companies led by technology giant Huawei is turning the world’s biggest wireless trade fair into an opportunity to show their muscle in the face of Huawei’s blacklisting by Western nations concerned about cybersecurity and escalating tensions with the U.S. over TikTok, spy balloons and computer chips. Brian Chamberlin, executive adviser at Huawei’s wireless …

Huawei dominates MWC mobile tech fair despite US sanctions
1 year, 9 months ago

Huawei dominates MWC mobile tech fair despite US sanctions

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

US blocks export license renewals for China’s Huawei
1 year, 10 months ago

US blocks export license renewals for China’s Huawei

Associated Press  

BEIJING — China’s government accused Washington on Tuesday of pursuing “technology hegemony,” as the United States has begun stepping up pressure on tech giant Huawei by blocking access to American suppliers. “We do not comment on conversations with or deliberations about specific companies.” The move to halt licenses for Huawei comes after GOP Rep. Mike McCaul, chairman of the House …

China’s smartphone sales plunge to lowest level in a decade: Report
1 year, 10 months ago

China’s smartphone sales plunge to lowest level in a decade: Report

The Hindu  

China’s smartphone sales declined 14% y-o-y in 2022 to reach their lowest level in a decade, according to Counterpoint Research’s Market Pulse Service. In Q4 2022, China’s smartphone sales declined 15% y-o-y. The research firm analysed that since the spring of 2022, many cities in China, were being subjected to COVID-19 restrictions, which negatively impacted consumer sentiment and further delayed …

China’s Huawei looks to ports, factories to rebuild sales
1 year, 11 months ago

China’s Huawei looks to ports, factories to rebuild sales

Associated Press  

TIANJIN, China — As technicians in a distant control room watch on display screens, an automated crane at one of China’s busiest ports moves cargo containers from a Korean freighter to self-driving trucks in a scene tech giant Huawei sees as its future after American sanctions crushed its smartphone brand. The backbone of the “smart terminal” at the Tianjin Port, …

Business As Usual: China’s Huawei raked in $91.5 billion in revenue despite sanctions by US, and others
1 year, 11 months ago

Business As Usual: China’s Huawei raked in $91.5 billion in revenue despite sanctions by US, and others

Firstpost  

Although nowhere near its peak of $122 billion in 2019, Huawei continues to rake in big money, despite the sanctions imposed by the US and trade embargoes by several other countries. And, despite rotating chairman Eric Xu struck an upbeat tone in the company’s annual New Year’s letter, where he revealed the figure. That represents a tiny increase from 2021, …

Huawei says it’s out of ‘crisis mode,’ though revenue flat
1 year, 11 months ago

Huawei says it’s out of ‘crisis mode,’ though revenue flat

Associated Press  

HONG KONG — Chinese technology giant Huawei says it has emerged from “crisis mode” after years of U.S. restrictions that have stifled its overseas sales, even though its revenue for 2022 failed to grow from a year earlier. Huawei Technologies Ltd., China’s first global tech brand, has struggled since then-U.S. President Donald Trump blocked its access to U.S. processor chips …

Discover Related