Huawei delivers ‘slight’ progress in difficult 2020, chairman says By Reuters

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© Reuters. FILE PHOTO: Huawei brand is pictured on the headquarters constructing in Studying

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By Josh Horwitz

Shanghai, China (Reuters) – Chinese language telecom tools maker Huawei Applied sciences, which is struggling beneath U.S. sanctions, noticed slight progress in its annual efficiency, helped by vital ranges of confidence from its clients.

Huawei was confronted with “extraordinary difficulties” final yr, although operations have been comparatively secure, with companions persevering with to help the corporate, rotating Chairman Ken Hu mentioned on the Cellular World Congress on Tuesday.

The telecom tools maker was placed on an export blacklist by former U.S. President Donald Trump in 2019 and barred from accessing essential expertise of U.S. origin, affecting the corporate’s skill to design its personal chips and supply parts from outdoors distributors.

The corporate has repeatedly denied it poses a safety threat.

Earlier this month, the corporate’s founder and Chief Government Ren Zhengfei mentioned he hoped the Biden administration would “harbour an open coverage” in direction of U.S. corporations doing enterprise with Huawei in his first feedback to the media in a few yr.

Ren mentioned the corporate noticed constructive progress and web revenue in 2020.

China has to this point spent greater than 260 billion yuan ($40.27 billion) in constructing its 5G community, an official with the Ministry of Data and Data Expertise mentioned on Tuesday.

Huawei on Monday unveiled its new 5G Mate X2 foldable cellphone, which is able to use the corporate’s personal proprietary Kirin processor.

Although with the most affordable mannequin beginning at 17,999 yuan ($2,788), the cellphone isn’t positioned to problem the mainstream cellphone market.

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