China's Huawei slows its long decline under U.S. sanctions as revenues improve
2 years, 1 month ago

China's Huawei slows its long decline under U.S. sanctions as revenues improve

The Hindu  

China's Huawei Technologies reported modest revenue growth for a second quarter on Thursday, citing steady growth in its ICT infrastructure business as it finds its footing after U.S. sanctions knocked its once mighty handset business. Huawei posted revenue of 445.8 billion yuan for the first three quarters, 10 billion yuan less than it saw in the same period a year earlier, the company said on Thursday. Profits fell 42.45% in the same period to 26.75 billion yuan, based on Reuters calculations, a drop a company spokesperson attributed to investment in research and development and new business areas. In its first nine months the Aito M5 vehicle, which Huawei jointly developed with Seres, ranked 10th among all-electric SUV models by sales in China, according to the China Passenger Car Association.

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History of this topic

China's general public budget revenue sees accelerated growth in November
1 week ago

China's general public budget revenue sees accelerated growth in November

China Daily  

By Wang Keju | chinadaily.com.cn | Updated: 2024-12-17 19:53 China's general public budget revenue, which is the sum-up of tax revenue and nontax revenue, in November reached about 1.4 trillion yuan, representing an 11 percent year-on-year increase, according to a calculation by Huatai Securities based on the data from the Ministry of Finance. The country's tax revenue grew by 5.3 …

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 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'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 …

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, …

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 …

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 …

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 …

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 …

Multiple sectors see rise in foreign investment
11 months, 4 weeks ago

Multiple sectors see rise in foreign investment

China Daily  

Containers are unloaded at Qingdao Port in Shandong province in March. China saw the number of newly established foreign-invested enterprises reach 48,078 during the first 11 months of 2023, soaring 36.2 percent year-on-year, data from the Ministry of Commerce showed. In the meantime, foreign direct investment into the Chinese mainland in terms of actual use dropped 10 percent year-on-year to …

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 …

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 …

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 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 …

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 …

Huawei earned $44.8 billion, revenue down 5.9 percent in first half of 2022
2 years, 4 months ago

Huawei earned $44.8 billion, revenue down 5.9 percent in first half of 2022

Hindustan Times  

Huawei's revenue dipped by just under six percent in the first half of 2022, company figures showed Friday, as the Covid-19 pandemic and US-China trade rivalry hit sales. Chinese tech giant Huawei said Friday, Aug. 12, 2022 its revenue fell in the first half of 2022 but new ventures in autos and other industries helped to offset a decline in …

China’s Huawei says sales down but new ventures growing
2 years, 4 months ago

China’s Huawei says sales down but new ventures growing

Associated Press  

BEIJING — Chinese tech giant Huawei said Friday its revenue fell in the first half of 2022 but new ventures in autos and other industries helped to offset a decline in smartphone sales under U.S. sanctions. 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 …

Action taken to ensure foreign trade growth
2 years, 9 months ago

Action taken to ensure foreign trade growth

China Daily  

Workers help moor a freighter in Qingdao, Shandong province. The company, also a leading sensor-based internet of things solution supplier, aims to boost its overseas revenue and profits by more than 50 percent year-on-year by venturing deeper into developed markets such as the European Union and emerging ones, including Southeast Asian countries. Its overseas sales jumped by more than 30 …

Indian tax authorities raid China’s Huawei, triggering protest from Beijing
2 years, 10 months ago

Indian tax authorities raid China’s Huawei, triggering protest from Beijing

Live Mint  

NEW DELHI : Indian authorities have raided the offices of Chinese tech giant Huawei Technologies Co. over suspected tax evasion, triggering a protest from Beijing, in the latest sign that border tensions between the two countries are spilling into commercial ties. The tax raids on Huawei are the latest sign that the Indian government is taking a tougher stance toward …

Profit falls 81% as China cracks down on big tech: Alibaba
3 years, 1 month ago

Profit falls 81% as China cracks down on big tech: Alibaba

Hindustan Times  

Chinese e-commerce leader Alibaba Group said on Thursday that its profit for the most recent quarter tumbled 81 percent as it grappled with a government crackdown on the country's big tech champions. The Hangzhou-based company's revenues -- generated mainly by its core e-commerce operations -- reached 200.7 billion yuan, up 29 percent. Last year the government scuppered what would have …

Huawei revenue slides in Q3 as smartphone business remains crippled
3 years, 1 month ago

Huawei revenue slides in Q3 as smartphone business remains crippled

The Hindu  

Revenue of China's Huawei Technologies Co Ltd plummeted 38% in the third quarter compared to the same period a year earlier, with U.S. sanctions having hobbled its smartphone business and new potential growth areas still in their infancy. The restrictions have badly hurt Huawei's handset business, with rotating Chairman Eric Xu saying in September that revenue from smartphones would dip …

Huawei should dissolve, disperse and seed China’s high-tech future
3 years, 2 months ago

Huawei should dissolve, disperse and seed China’s high-tech future

The Economist  

H UAWEI, A CHINESE firm emblematic of the breakdown in Sino-American relations, makes for a perfect business-school case study. Less than two years ago the company, based in the southern boom town of Shenzhen, had not only surpassed Nokia and Ericsson, its Nordic rivals, to become the world’s leading supplier of telecoms infrastructure. Like all good case studies, it has …

Huawei will return to smartphone 'throne' despite crippling sanctions, chairman says
3 years, 4 months ago

Huawei will return to smartphone 'throne' despite crippling sanctions, chairman says

The Hindu  

Huawei Technologies' chairman said while U.S. sanctions have choked its smartphone business, it will not give up and plans to eventually return to the industry's "throne". In 2019 former U.S. President Donald Trump accused Huawei of being a threat to national security, put it on an export blacklist and barred it from accessing critical technology of U.S. origin, affecting its …

Huawei revenue sinks as smartphones hurt by US sanctions
3 years, 4 months ago

Huawei revenue sinks as smartphones hurt by US sanctions

Associated Press  

BEIJING — Chinese tech giant Huawei’s revenue fell 29.4% from a year earlier in the first half of 2021 as smartphones sales tumbled under U.S. sanctions imposed in a fight with Beijing over technology and security. Huawei Technologies Ltd. is struggling to hold onto market share after then-President Donald Trump cut off access in 2019 to U.S. technology and services …

Huawei reports biggest ever revenue drop
3 years, 4 months ago

Huawei reports biggest ever revenue drop

The Hindu  

August 06, 2021 04:09 pm | Updated 04:09 pm IST - SHENZHEN Chinese telecommunications giant Huawei Technologies reported its biggest ever revenue drop in the first half of 2021, after U.S. sanctions drove it to sell a chunk of its once-dominant handset business and before new growth areas have fully matured. The biggest decline came from Huawei's consumer business group, …

Huawei Plans to Launch New Operating System for Smartphones on June 2
3 years, 6 months ago

Huawei Plans to Launch New Operating System for Smartphones on June 2

News 18  

China’s Huawei Technologies said it will launch its new Harmony operating system for smartphones on June 2, its biggest move yet aimed at recovering from the damage done by US sanctions to its mobile phone business. US sanctions banned Google from providing technical support to new Huawei phone models and access to Google Mobile Services, the bundle of developer services …

Huawei Founder Ren Zhengfei Urges Shift to Software to Counter US Sanctions
3 years, 6 months ago

Huawei Founder Ren Zhengfei Urges Shift to Software to Counter US Sanctions

News 18  

Founder of Chinese tech giant Huawei Technologies Ren Zhengfei has called on the company's staff to "dare to lead the world" in software as the company seeks growth beyond the hardware operations that US sanctions have crippled. Ren said in the memo the company was focusing on software because future development in the field is fundamentally "outside of US control …

Huawei founder urges shift to software to counter U.S. sanctions
3 years, 6 months ago

Huawei founder urges shift to software to counter U.S. sanctions

The Hindu  

Founder of Chinese tech giant Huawei Technologies Ren Zhengfei has called on the company's staff to "dare to lead the world" in software as the company seeks growth beyond the hardware operations that U.S. sanctions have crippled. Ren said in the memo the company was focusing on software because future development in the field is fundamentally" outside of U.S. control …

China lashes out at US over tighter Huawei restrictions
3 years, 9 months ago

China lashes out at US over tighter Huawei restrictions

Al Jazeera  

The United States informs some Huawei suppliers of tighter conditions on previously approved export licences, bans items for use in or with 5G devices from this week. China blasted President Joe Biden’s administration for imposing new restrictions on national tech champion Huawei Technologies Co., saying the U.S. “isn’t a reliable country that is to be trusted.” The U.S. informed some …

Huawei May be Planning to Foray Into Electric Vehicles: Sources
3 years, 9 months ago

Huawei May be Planning to Foray Into Electric Vehicles: Sources

News 18  

Telecom equipment maker Huawei plans to make electric vehicles under its own brand and could launch some models this year, four sources said, as the world’s largest telecommunications equipment maker, battered by US sanctions, explores a strategic shift. Huawei is also in discussions with Beijing-backed BAIC Group’s BluePark New Energy Technology to manufacture its EVs, said one of the two …

Neither Smartphones Nor Wearables, Huawei's Next Venture Is AI Pig Farming: All We Know
3 years, 10 months ago

Neither Smartphones Nor Wearables, Huawei's Next Venture Is AI Pig Farming: All We Know

News 18  

Chinese smartphone maker Huawei is reported to have launched an artificial intelligence pig farming project, as the company looks into new growth areas as its smartphone business is struggling to pick up under trade restrictions imposed by the United States. According to a recent report in South China Morning Post, Huawei launched the project on Monday, with the company?s president …

In a final blow to China, Donald Trump administration halts Huawei suppliers
3 years, 11 months ago

In a final blow to China, Donald Trump administration halts Huawei suppliers

Live Mint  

NEW YORK/WASHINGTON: The Trump administration notified Huawei suppliers, including chipmaker Intel, that it is revoking certain licenses to sell to the Chinese company and intends to reject dozens of other applications to supply the telecommunications firm, people familiar with the matter told Reuters. In an email seen by Reuters documenting the actions, the Semiconductor Industry Association said on Friday the …

Huawei to be out of top five smartphone brands list, report says
3 years, 11 months ago

Huawei to be out of top five smartphone brands list, report says

The Hindu  

Huawei to be out of top five ranking in global smartphone production despite market recovery, according to report by TrendForce. "Huawei is currently projected to tumble from third place in 2020 to seventh place in 2021," said market intelligence firm TrendForce. The firm predicted Samsung, Apple, Xiaomi, OPPO and Vivo to be in the top five this year, accounting for …

Huawei's Chinese mobile rivals look to capitalise on its U.S. woes
4 years ago

Huawei's Chinese mobile rivals look to capitalise on its U.S. woes

The Hindu  

Chinese handset rivals of Huawei Technologies including Xiaomi, Oppo and Vivo are making aggressive moves to seize market share from their giant rival, after stepped-up U.S. sanctions hobbled Huawei's supply chains, industry insiders say. Huawei briefly overtook Samsung as the world's biggest handset maker in the first half of this year, before shipments fell 23% to 51.7 million units in …

Huawei’s Chinese mobile rivals look to capitalise on its US woes
4 years, 1 month ago

Huawei’s Chinese mobile rivals look to capitalise on its US woes

Live Mint  

SHENZHEN, CHINA :Chinese handset rivals of Huawei Technologies including Xiaomi, Oppo and Vivo are making aggressive moves to seize market share from their giant rival, after stepped-up US sanctions hobbled Huawei's supply chains, industry insiders say. Huawei briefly overtook Samsung as the world's biggest handset maker in the first half of this year, before shipments fell 23% to 51.7 million …

U.S. sanctions on Huawei hurts China's smartphone market, report says
4 years, 1 month ago

U.S. sanctions on Huawei hurts China's smartphone market, report says

The Hindu  

U.S. sanctions on Huawei, restricting chip supply to the Chinese company, hurts China's smartphone shipments. “Huawei was forced to restrict its smartphone shipments following the August 17th U.S. sanctions, which caused a void in channels in Q3 that its peers were not equipped to fill," data analytics firm Canalys said in a post. The smartphone market in Mainland China dropped …

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