Huawei soars close to $100B sales amid US-China tech tension

Huawei Technologies Co. concluded 2023 with a resilient surge in revenue, marking a 9 percent escalation that resonates as a pivotal year for the Chinese tech giant.

This surge capped a dramatic narrative for the company, marked by confrontations with Apple Inc. and U.S. sanctions, yet ending in an unforeseen breakthrough in chip technology.

The resounding success in chip technology was reflected in the company’s financials, witnessing a remarkable jump in sales, surpassing 700 billion yuan ($98.7 billion). This substantial growth, the swiftest in recent years, was propelled by a…

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News Source: interestingengineering.com


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