Huawei said group revenue expanded 19.1 per cent last year to 858 billion yuan, a nearly identical growth rate to that seen in 2018. — Reuters pic
Huawei — the world’s top supplier of telecom networking equipment and number-two smartphone maker behind Samsung — said group revenue expanded 19.1 per cent last year to 858 billion yuan , a nearly identical growth rate to that seen in 2018. “All of a sudden, a large number of suppliers could not supply to us, and we had to rebuild our supply chain,” he told a press conference today.
On top of that, the company has to grapple with the coronavirus pandemic, which has brought about global economic decline, financial turmoil and slowing market demand, Xu said.US$10 billion hit The US blacklisting could prevent Huawei from getting hold of key hardware and software including smartphone chips, and exclude it from the Google Android operating system, which equips the vast majority of smartphones in the world.
If China retaliated, opening a “Pandora’s box”, this would unleash a devastating chain of destruction on the global industry chain, he warned.
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