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Huawei boosts profits despite US sanctions

Huawei has seen its mobile phone business hit by US sanctions. | Font: spill

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Huawei is resurfacing despite tough U.S. sanctions against the Chinese company, accusing it of espionage.

It is reported by Bloomberg. huawei It reached its sales for the first time since the United States tightened its sanctions in 2020.

income from huawei they rose 1% in the last quarter on record, which ended in June.

huawei managed to raise 170.6 billion yuan, about 25.3 billion dollars in exchange.

The Chinese company has relied on the strength of its infrastructure sector, making it a leading connectivity company.

“While our device business has been hit hard, our device business ICT infrastructure supported sustainable growth,” said Ken Hu, Chairman of the Board huawei.

Huawei plans for the future

huawei is a company that devotes significant resources to research and development.

Smart cities and electric vehicles are segments where the company is known to be active.

“In the future, we will take advantage of digitalization and decarbonization to continue creating value for our customers and partners to ensure quality development,” explained Ken Hu.

Against the tide: US vs. Huawei

Administration Trump unleashed a storm of harsh sanctions against Huawei.

In May 2019, the company closed access huawei to products developed by American companies. This includes Google mobile services, although Huawei retains access to Google products. microsoft after receiving an exception.

In August 2020, the US increased sanctions, specifying that huawei could not access products that use any technology developed in the United States. This largely cut off their access to semiconductor devices.

huawei keep betting Cell Phones development of own operating system (HarmonyOS) and own repository (AppGallery), although he had to make difficult decisions such as letting go Honour, which is now an independent brand.

While the telephone sector huawei affected by these sanctions, product lines such as PC no problems accessing processors Intel or amd and products Microsoft.

Source: RPP

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