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Huawei nears $100B in sales with Semiconductor advancements
The Business Guardian
|December 30, 2023
In 2023, Huawei Technologies Co. experienced a 9% surge in revenue, marking a significant year for the Chinese tech giant that confronted Apple Inc. and US sanctions by achieving an unexpected breakthrough in chip technology.
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The sales reached over 700 billion yuan ($98.7 billion), marking the fastest growth in years, attributed to a revived smartphone business and robust 5G equipment sales. Every quarter, revenue increased by 27% to at least 243.4 billion yuan, calculated from the annual figure. This represents a notable acceleration from the slight rise in the third quarter.
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