Sunday, 22 May 2022

Huawei navigates US sanctions to make a profit in 2020

by Harry Baldock, Total Telecom
Wednesday 31 March 21

The Chinese giant saw a 3.2% rise in profit, but revenues from outside of China fell sharply

2020 was a difficult year for the telecoms industry, but Huawei may have a strong claim when it comes to who had the roughest ride. On top of the coronavirus pandemic, numerous waves of US sanctions inhibited the company throughout the year, with the Trump administration pressuring nation’s around the world to exclude the vendor from their upcoming 5G networks. However, despite this seemingly unrelenting pressure, Huawei has today reported a profit for the 2020 financial year, making 64.6 billion yuan ($9…

2020 was a difficult year for the telecoms industry, but Huawei may have a strong claim when it comes to who had the roughest ride. On top of the coronavirus pandemic, numerous waves of US sanctions inhibited the company throughout the year, with the Trump administration pressuring nation’s around the world to exclude the vendor from their upcoming 5G networks. However, despite this seemingly unrelenting pressure, Huawei has today reported a profit for the 2020 financial year, making 64.6 billion yuan ($9…

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