Huawei 2020 revenue ticks up despite US sanctions, chairman says
The company was put on an export blacklist by former US President Donald Trump in 2019 and barred from accessing critical technology of US origin, affecting its ability to design its own chips and source components from outside vendors
Huawei Technologies saw slight revenue and profit growth in 2020, in line with its expectations, its rotating chairman said on Tuesday, even as Washington toughened up sanctions against the Chinese telecom equipment maker.
The company was put on an export blacklist by former US President Donald Trump in 2019 and barred from accessing critical technology of US origin, affecting its ability to design its own chips and source components from outside vendors.
Huawei has repeatedly denied it poses a security risk.
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"Huawei was confronted with some extraordinary difficulties last year," rotating Chairman Ken Hu said at industry event Mobile World Congress Shanghai.
The company was put on an export blacklist by former US President Donald Trump in 2019 and barred from accessing critical technology of US origin, affecting its ability to design its own chips and source components from outside vendors.
Huawei has repeatedly denied it poses a security risk.
"Huawei was confronted with some extraordinary difficulties last year," rotating Chairman Ken Hu said at industry event Mobile World Congress Shanghai.
Huawei on Monday unveiled its new 5G Mate X2 foldable phone, which will use the company's proprietary Kirin processor.
Though with the cheapest model starting at 17,999 yuan ($2,788), the phone is not positioned to challenge the mainstream phone market.
Huawei set up 50,000 5G base stations in Indonesia, Hu said, adding that it plans to build 2,000 base stations in remote regions of Ghana.
The company is expected to post its full-year results in March, a spokesman said.
