HUAWEI US SANCTIONS
BRICS Summit 2026: Putin slams West's 'ugly' economic warfare, claims BRICS bloc has left G7 behind
Russian President Vladimir Putin stated BRICS nations now lead global economic growth. Western competitors are attempting to regain their former leadership position. BRICS economies have accounted for over forty percent of world GDP recently. He added that Russia faces unprecedented sanctions but its economy shows growth. Putin highlighted the rise of homegrown BRICS companies competing globally.
Trump administration to lend $100 million to Africell, countering Huawei in Africa
The United States will lend nearly one hundred million dollars to Africell. This loan aims to counter China's Huawei expansion in Africa. Africell will invest in new mobile network technology from American suppliers. This initiative supports Washington's campaign for trusted communications infrastructure.
Huawei launches new foldable smartphone as competition with Xiaomi, Apple heats up
Huawei unveiled its new foldable smartphone, the Mate XT2, on Monday. This device features a dual-folding screen and the Kirin 9050 Pro chip. The new chip offers improved computing power and reduced electricity consumption. Xiaomi is launching a rival folding phone later today. Apple will reveal its latest iPhone series on Wednesday.
Huawei H1 profit drop quickens to 36% on rising costs, R&D spending
The Chinese technology company said net profit for January to June fell to 23.81 billion yuan ($3.54 billion), accelerating from a 32% drop in the same period a year earlier, while revenue rose 9.6% to 467.82 billion yuan, as it continued to recover from US sanctions.
Huawei's tri-foldable smartphone Mate XT stirs Chinese pride but $2,800 price tag panned
Huawei's new tri-foldable Mate XT smartphone has sparked national pride in China, being seen as a technological triumph over U.S. sanctions. Launched alongside Apple's AI-enhanced iPhone 16, the Mate XT's high price of $2,800 has drawn criticism amid economic concerns. Both phones will be available on Sept. 20.
Chinese tech giant Huawei posts 34.3% rise in first-half sales
Huawei posted sales of $58.72 billion in January-June, an on-year increase of 34.3 percent. That compares with 3.1 percent growth in the same period last year. The Shenzhen-based company has for several years been at the centre of an intense technological rivalry between Beijing and Washington, with US officials warning its equipment could be used to spy on behalf of Chinese authorities -- allegations it denies.
Huawei's profit more than doubles in 2023, sales up 9.6% as cloud and digital businesses grow
Huawei, one of China's first global tech brands, has been caught up in China-US tensions over technology and security. The US has banned US companies from doing business with Huawei, cutting off its access to computer chips and software such as Google services for its smartphones and preventing it from selling its telecommunications gear to US customers.
Huawei forecasts 9% revenue growth in 2023 as smartphones surge
Huawei's smartphone shipments surged 83% in October year-on-year, helping the overall Chinese smartphone market to grow 11% over the same period, according to Counterpoint.
Huawei reports its revenue inched higher in January-September despite US sanctions
The Shenzhen-headquartered firm said Friday that it generated 456.6 billion yuan ($62.4 billion) in revenue for the first nine months of the year, an increase of 2.4% compared to the same period last year.
Huawei's new smartphone uses more China-made parts than previous models
Huawei Technologies' new high-end smartphone contains more China-made chip components than previous models in a sign of Beijing's advances in the semiconductor sphere, according to research firm TechInsights, which is taking the device apart.
Chinese tech giant Huawei reports sales, profit up despite US sanctions
Revenue in the six months ending in June rose 3.1% to 310.9 billion yuan ($43.1 billion), Huawei Technologies Ltd said. It gave no profit figure but said its profit margin was 15%, which would be about 45 billion yuan ($6.5 billion) and an increase over the 4.3% margin in the first quarter of this year.
China's Huawei partners with more automakers to produce Aito EVs
Huawei will team up with Chery Automobile, BAIC Motor and Anhui Jianghuai Automobile Group in jointly developing and manufacturing Aito-branded vehicles, Richard Yux, Huawei's Smart Car CEO, said at the China EV 100 forum in Beijing.
Four Fingers Point at You
Decades of US restrictions and sanctions have, indeed, left a negative impact on Huawei to a certain extent, as evidenced by the decline in revenue. However, the steady growth in profits shows that the US has not been able to completely suppress Huawei's rapid development worldwide.
Huawei says it's out of 'crisis mode', though revenue flat
Huawei Technologies Ltd, China's first global tech brand, has struggled since then-US President Donald Trump blocked its access to US processor chips and other technology in 2019 on grounds that Huawei could facilitate Chinese spying.
US sanctions results in revenue decline for Huawei in 2021
Huawei Technologies has suffered a first-ever revenue decline during the fourth quarter of last year due to U.S. sanctions that hurt the business. The company's sales outside of China had fallen during the quarter.
Huawei launches its HarmonyOS in competition with Google's Android
Rather than being a like-for-like replacement for Google's Android, Huawei is billing HarmonyOS as an 'Internet-of-Things' platform, aimed at operating on and connecting other devices such as laptops, smartwatches, cars and appliances.
Huawei plans to launch Harmony OS for its mobile phones next month
The new Huawei Harmony OS will only go some way to mitigating the impact of the 2019 US sanctions that barred Google from providing its Android OS on new Huawei phones.
China detained Huawei employees over Iran deal: NYT
The five men were involved with some dispute with Huawei. Weeks after the chat arrested all five were arrested and interrogated. The arrests came about two weeks after Huawei's chief financial officer and daughter were arrested in Canada on charges of violating U.S. sanctions against Iran.
Infosys reviews exposure to sanctions-hit Huawei, other IT majors to follow suit
Infosys is racing to ensure it is not caught short by US clamping down on the Chinese technology giant.
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