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Chinese technology giant Huawei announced yesterday that its sales soared in the first half of the year, despite the difficulties it faces due to sanctions that have prevented it from accessing technology from USA.
The company based in Shenzhen has been at the center of an intense technological rivalry between Beijing y Washington for several years, due to warnings from US officials that its equipment could be used to spy on behalf of Chinese authorities, accusations that Huawei denies.
Since 2019, sanctions have disconnected Huawei of global supply chains technology and components manufactured in the US, which severely affected the production of its smartphones at the time.
On Thursday the company reported sales of 58.72 billion dollars in the period from January to Junea year-on-year increase of 34.3%.
This contrasts with the growth of 3.1% recorded in the same period last year.
Huawei did not break down its net profit. As a private company that is not listed on the stock exchange, it is not subject to the same obligations as other companies. publish technically detailed results.
The firm’s profit margin reached 13.2% in the period, down from 15% a year ago, he said, without providing other financial details.
“We increased our revenues in the first half of 2024 by making the most of opportunities in “Digitalisation, intelligence and decarbonisation”a company spokesman said.
“Our consumer solutions and smart automotive divisions grew rapidly,” he added, noting that “our ICT infrastructure, cloud and digital energy businesses remained stable.”
Huawei remains the world’s leading manufacturer of equipment for 5G, the fifth generation of mobile internet, and participates in infrastructure projects in several countries.
At one time it was one of the top three smartphone manufacturers worldwide, along with Samsung y Apple.
However, US sanctions forced the company to refocus on sectors such as software, enterprise computing and even electric vehicles under the Aito brand.
Germany to phase out use of components from Chinese telecom giants Huawei y ZTE on their 5G networks for national security reasons, Interior Minister Nancy Faeser announced yesterday.
“Composite components from Huawei and ZTE will no longer be able to be used in 5G networks by the end of 2026 at the latest,” the minister said. The systems from the two manufacturers will have to be replaced by the end of 2029 at the latest.
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2024-09-06 01:23:35