Huawei revenue in 2020 ticks up despite US sanctions, chairman says

Topics Huawei | Huawei ban | Huawei 5G


(This story corrects paragraph 10 to drop reference to 5G) By Josh Horwitz SHANGHAI (Reuters) - Huawei Technologies saw slight revenue and profit growth in 2020, in line with its expectations, its rotating chairman said on Tuesday, even as Washington toughened sanctions against the Chinese telecom equipment maker. The company was put on an export blacklist by former U.S.

President Donald Trump in 2019 and barred from accessing critical technology of U.S. origin, affecting its ability to design its own chips and source components.

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