Huawei sales up, but growth slows under virus, U.S. pressure

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CHINESE tech giant Huawei, one of the biggest makers of smartphones and switching equipment, said Friday its revenue rose 9.9 per cent in the first nine months of this year.

Huawei Technologies Ltd., gave no sales figure for the most recent quarter ending in September, but growth for the first three quarters was down from the 13.1 per cent reported for the first half of the year.

Huawei is struggling with U.S. sanctions that cut off its access to most American technology and components in a feud with Beijing over technology and security.

The White House says Huawei is a threat and might facilitate Chinese spying, which the company denies.

In August, Washington prohibited Huawei from buying any semi  conductor chips made with U.S software or technology, putting the smartphone maker in a bind.

On Thursday, Huawei launched its new Mate 40 phone.

Chinese companies haven’t yet been able to produce similarly advanced chips, experts say.

NAN

– Oct. 23, 2020 @ 9:28 GMT |

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