Huawei Technologies recorded a slight increase in its annual numbers last year, despite various obstacles such as US sanctions. Company change chairman Ken Hu made a statement today (February 23, 2021) at an event Mobile World Congress 2021.
According to the report ReutersThe Chinese tech giant faced "extraordinary difficulties" last year. Despite this, his activities remained stable, and relations with partners remained strong. Back in 2019, the company was listed as an organization (essentially an export blacklist) by former US President Donald Trump, preventing access to critical US-made technology. This, in turn, has impacted the brand's ability to design and even supply its own chipsets and other critical components from vendors for its smartphone and telecommunications business.
The ban on Huawei was linked to threats to national security, which the company has repeatedly denied. We recently reported that CEO Ren Zhenfei hopes that the Biden administration is "pursuing an open policy," especially when it comes to allowing US companies to work with Huawei. In addition, the top manager added that the company showed positive growth and net profit last year.
Notably, China has already spent over 260 billion yuan (roughly $ 40,27 billion) building its 5G network, with Huawei being one of the key suppliers of 5G equipment. In addition, the brand will also be launching its new foldable smartphone in the domestic market soon. Mate X2 5Gwhich will be powered by Kirin's own processors. The device is aimed at the ultra-high end market and starts at RMB 17 (roughly $ 999).
