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Despite Imposed Limitations, Huawei Is Determined To Fight for Its Place Under the AI-Powered Sun

On Friday, Chinese tech giant Huawei Technologies reported modest growth of its consumer business amid U.S. sanctions and slower than expected recovery of the country’s economy. Highlights During the second quarter, overall revenue rose 4.8% YoY to 178.8 billion yuan. But when looking at the bigger picture during the first half of the year, consumer business revenue grew only 2.2% YoY to 103.5 billion yuan which equated to $14.27 billion, which is twice as less compared to 2019 and 2020's compar

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