Huawei warns China will strike back against new U.S. restrictions

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Huawei reported its smallest annual profit increase in three years, hurt by weak overseas sales amid an intensifying U.S. campaign to restrict its global expansion due to security concerns

The world’s largest maker of telecoms equipment issued the warning as it reported its weakest annual profit growth in three years. It said Beijing could hit back against U.S. measures to restrict chip sales to Huawei, by restricting sales of American products in China and by shifting to alternative suppliers in China and South Korea.

The United States alleges the Chinese government could use Huawei’s equipment to spy, an accusation rejected by the company. “Even if this situation you mentioned happened, Huawei and also other Chinese companies can choose to buy chipsets from Samsung from Korea, MTK from Taiwan, and [Unisoc] in China, and use those companies to develop chips,” Huawei’s Xu said.

That was mainly driven by China, where sales surged 36.2% to 506.7 billion yuan. In contrast, revenue from the Asia-Pacific region excluding China fell 13.9%, while in Europe and the Middle East sales grew just 0.7%.

 

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Fu'*' 🖕🏼

ChinaLiedPeopleDie CCPVirus FreeUighurs FreeHongKong BoycottChina

great, f*** the chinese 'big brother'

The only thing I like about the Chinese is the Mongolian beef and special rice!

A good company, but hurted by a Gov , this is not unfair, everyone knows Hawei is a innovative company

*due to “I can’t allow a chinese IT company grow so fast.”

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