SHENZHEN (AP) — Despite the pressure of U.S. sanctions, Chinese telecoms giant Huawei says it has recovered and returned to normal business.
Revenue is stable at 636.9 billion yuan this year, after falling 28.6 percent last year. “In 2022, we have successfully pulled ourselves out of crisis mode,” CEO Eric Shaw wrote in his New Year’s email to employees today.
“American restrictions are now our new normal and we are returning to normal operations,” Xu writes. ICT sales are growing steadily, while the downturn in the equipment business has eased. Huawei’s boss said that the macroeconomic environment is full of uncertainties, but digitalization and decarbonization are two new ways forward, where future opportunities lie.
The US government has imposed sweeping sanctions on Huawei since 2019. The Chinese group’s access to chips from international production and the US Android operating system has been cut off, which has severely affected Huawei’s smartphone business in particular. The US claims that Huawei has close ties to the Chinese authorities and warns of the risk of espionage or sabotage. The company denies these allegations.
© dpa-infocom, dpa: 221230-99-52889/3
“Tv expert. Hardcore creator. Extreme music fan. Lifelong twitter geek. Certified travel enthusiast. Baconaholic. Pop culture nerd. Reader. Freelance student.”