The corporate was placed on an export blacklist by former U.S. President Donald Trump in 2019 and barred from accessing essential know-how of U.S. origin, affecting its potential to design its personal chips and supply elements from outdoors distributors.
Huawei has repeatedly denied it poses a safety threat.
“Huawei was confronted with some extraordinary difficulties final yr,” rotating Chairman Ken Hu stated at business occasion Cell World Congress Shanghai.
“Operations had been comparatively steady and in step with our steerage, registering slight progress in income and revenue.”
Earlier this month, the corporate’s founder and Chief Government Ren Zhengfei stated he hoped the Biden administration would “harbour an open coverage” in direction of U.S. companies doing enterprise with Huawei in his first feedback to the media in a few yr.
China has to date spent greater than 260 billion yuan ($40.27 billion) in constructing its 5G community, an official with the Ministry of Data and Data Know-how stated on Tuesday.
Huawei on Monday unveiled its new 5G Mate X2 foldable telephone, which is able to use the corporate’s proprietary Kirin processor.
Although with the most affordable mannequin beginning at 17,999 yuan ($2,788), the telephone isn’t positioned to problem the mainstream telephone market.
Huawei arrange 50,000 5G base stations in Indonesia, Hu stated, including that it plans to construct 2,000 base stations in distant areas of Ghana.
The corporate is predicted to publish its full-year ends in March, a spokesman stated.
