Huawei 2020 profits ticks up regardless of US sanctions, chairman claims – Newest News

Huawei Systems observed slight revenue and income development in 2020, in line with its anticipations, its rotating chairman explained on Tuesday, even as Washington toughened up sanctions versus the Chinese telecom machines maker.

The business was put on an export blacklist by former U.S. President Donald Trump in 2019 and barred from accessing vital technology of U.S. origin, impacting its ability to design its own chips and resource factors from outside suppliers.

Huawei has regularly denied it poses a safety possibility.

“Huawei was confronted with some incredible complications very last year,” rotating Chairman Ken Hu mentioned at sector celebration Cell Planet Congress Shanghai.

“Operations have been reasonably steady and in line with our advice, registering slight growth in earnings and revenue.”

Previously this thirty day period, the company’s founder and Chief Executive Ren Zhengfei stated he hoped the Biden administration would “harbour an open policy” in direction of U.S. firms doing business enterprise with Huawei in his to start with opinions to the media in about a 12 months.

China has so significantly invested extra than 260 billion yuan ($40.27 billion) in developing its 5G network, an formal with the Ministry of Info and Details Technology explained on Tuesday.

Huawei on Monday unveiled its new 5G Mate X2 foldable phone, which will use the company’s proprietary Kirin processor.

Though with the least expensive product starting at 17,999 yuan ($2,788), the cellphone is not positioned to challenge the mainstream phone market place.

Huawei set up 50,000 5G base stations in Indonesia, Hu reported, adding that it programs to create 2,000 base stations in remote areas of Ghana.

The business is expected to post its full-yr success in March, a spokesman mentioned.

Supply url

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button