Chinese tech giant Huawei said it had emerged from "crisis mode" after years of US restrictions that hampered sales in foreign markets, although its revenue in 2022 did not increase from last year.
HONG KONG - Chinese tech giant Huawei said it had emerged from "crisis mode" after years of US restrictions that hampered overseas sales, although its 2022 revenue did not rise from last year.
"US restrictions have become our new normal and we are back to normal," Huawei's current chairman Eric Xu said in a New Year's message posted on Friday.
Huawei Technologies Ltd., China's leading global technology brand, is struggling after U.S. President Donald Trump in 2019 blocked access to U.S. processors and other technology that could have facilitated Huawei's Chinese espionage.
Huawei denies claims that it could pose a security threat.
Huawei's unaudited revenue for 2022 is expected to be 636.9 billion yuan ($91.6 billion), little changed from last year and in line with earlier estimates.
In a report, Xu said the company's telecom network business had maintained "stable growth" and the downturn in its mobile phone business, mainly phones, had eased.
He also said the company has achieved "rapid growth" in its cloud business.
Huawei has not disclosed more detailed financial data about its business or the company's overall profitability.
Next year, Xu vowed to maintain Huawei's heavy investment in research and development, saying its cloud business should be the "foundation" for growth.
He noted only the passing of the pandemic and praised "the company's front-line staff outside of China who continue to serve our customers despite the negative effects of COVID-19..."
Xu's message did not mention the recent sudden tightening of virus control or the widespread outbreak of the coronavirus that has affected China and other countries.
Post a Comment