Huawei saw slight revenue and profit growth in 2020, in line with its forecast, even as Washington tightens sanctions on the Chinese telecoms equipment maker.
According to Arabianet, the company's chairman said in a statement that the Chinese giant was placed on an export blacklist by former US President Donald Trump in 2019 , Which prevented it from accessing critical technology of American origin, and affected its ability to design its own chips and source components from outside vendors.
Huawei has repeatedly denied that it poses a security risk, and rotating chairman Ken Hu said at an industrial event at the Mobile World Congress in Shanghai: Huawei confronted Some unusual difficulties last year.
He added: Operations have been relatively stable and in line with our directives, with slight growth in revenues and profits.
> Earlier this month, the founder and CEO of the company, Ren Zhengfei, said he hopes the Biden administration will adopt an open policy toward US companies It deals with Huawei on its first media comments in about a year, according to the Arab Tech News.
An official at the Ministry of Information and Information Technology said, Tuesday, that China has so far spent more than 260 billion yuan ($ 40.27 billion) in building the 5G network. / p>
On Monday, Huawei unveiled its new Mate X2 foldable phone, which uses the company's own Kirin processor.
and although the cheapest version of the phone starts at 17,999 yuan ($ 2,788), it is not in a position to challenge the mainstream phone market.
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He said: Huawei has built 50,000 5G base stations in Indonesia, adding that it plans to build 2,000 base stations in remote areas of Ghana.
The company spokesman said: Huawei is expected to announce its full-year financial results in March.
