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HUAWEI SAYS IT'S OUT OF 'CRISIS MODE,' THOUGH REVENUE FLAT
Techlife News
|January 07, 2023
Chinese technology giant Huawei says it has emerged from "crisis mode" after years of U.S. restrictions that have stifled its overseas sales, even though its revenue for 2022 failed to grow from a year earlier.
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President Donald Trump blocked its access to U.S. processor chips and other technology in 2019 on grounds that Huawei could facilitate Chinese spying.
Huawei denies accusations that it could be a security risk.
Huawei's unaudited revenue for 2022 is forecast to be 636.9 billion yuan ($91.6 billion) - nearly unchanged compared to a year earlier and in line with earlier estimates.
This story is from the January 07, 2023 edition of Techlife News.
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