Huawei 2020 revenue goes up in spite of US sanctions, chairman says
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Huawei 2020 revenue goes up in spite of US sanctions, chairman says

SHANGHAI (CHINA) – Huawei Technologies saw slight revenue and profit growth in 2020, matching its expectations, its rotating chairman said on Tuesday, despite Washington toughening up sanctions against the same.

Huawei has repeatedly refuted claims that it poses a security risk.

Rotating Chairman Ken Hu said at industry event Mobile World Congress Shanghai, “Huawei was confronted with some extraordinary difficulties last year,”

“Operations were relatively stable and in line with our guidance, registering slight growth in revenue and profit.”

An official with the Ministry of Information and Information Technology said on Tuesday that China has so far spent more than 260 billion yuan ($40.27 billion) in building its 5G network.

Huawei on Monday introduced its new 5G Mate X2 foldable phone, which will make use of the company’s proprietary Kirin processor.

Huawei started 50,000 5G base stations in Indonesia, Hu said, adding that it aims to build 2,000 base stations in remote regions of Ghana.

The company is likely to post its full-year results in March, a spokesman said.

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