Huawei says it's out of 'crisis mode,' though revenue flat
Former President Donald Trump blocked its access to U.S. processor chips and other technology in 2019.
Stay updated with breaking news from Eric Xu. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Former President Donald Trump blocked its access to U.S. processor chips and other technology in 2019.
The impact of U.S. sanctions is fading, the company says
Huawei predicted it's 2022 revenue would remain unchanged, indicating that the sales decrease brought on by US sanctions had stopped
Huawei has declared it is “business as usual” years after Washington imposed punishing restrictions that created a template for wider export controls on technology shared with Chinese companies. The Shenzhen-based technology group said it was forecasting for three successive quarters of growth and a flat total revenue for 2022. Overall sales were expected to reach…
Huawei declares crisis over: US embargo successfully curbed. However, we can not tell whether the company made any profit