Huawei's chairman says U.S. sanctions will lead to the rebirth of China's chip industry
Huawei's rotating chairman Eric Xu says that China's chip industry will be reborn even with U.S. sanctions in place.
Source: phonearena.com
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Huawei's rotating chairman Eric Xu says that China's chip industry will be reborn even with U.S. sanctions in place.
Earnings down two-thirds as higher costs weigh on flat revenue.
China's Huawei Technologies Co Ltd (HWT.UL) said it was "out of crisis mode" as it posted a small increase in annual revenue, adding it was making headway with replacing components affected by sanctions thanks to the billions it is spending on research.
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Huawei CFO Meng Wanzhou will become rotating chair on 1 April, stepping into the top role nearly a year after being named.