Huawei Overcomes Sanctions , to Net Huge 2023 Profit.<br />'The Guardian' reports that Chinese telecom firm <br />Huawei saw faster growth in 2023 than in the four <br />years prior, shrugging off international sanctions. .<br />'The Guardian' reports that Chinese telecom firm <br />Huawei saw faster growth in 2023 than in the four <br />years prior, shrugging off international sanctions. .<br />The company reportedly saw <br />a rebound in the consumer sector that <br />helped drive revenue up by almost 10%. .<br />The results suggest that Huawei overcame <br />the impact of sanctions imposed by <br />former President Donald Trump in 2019.<br />At the time, the administration accused the <br />telecom company of being a threat to national <br />security, claims which Huawei has denied.<br />At the time, the administration accused the <br />telecom company of being a threat to national <br />security, claims which Huawei has denied.<br />In 2020, the United Kingdom took similar <br />measures, looking to remove Huawei from <br />the nation's 5G infrastructure by 2027.<br />'The Guardian' reports that despite the <br />restrictions, 2023 marked the third <br />consecutive year of growth for the company. .<br />We’ve been through a lot <br />over the past few years but <br />through one challenge after <br />another, we’ve managed to grow, Ken Hu, Huawei’s chair, via 'The Guardian'.<br />In 2023, the company's net <br />profits increased by 144.5%.<br />Huawei has contributed the stellar results <br />to the sale of its Honor smartphone brand <br />which launched in November of 2020.<br />The company's smartphone business has managed <br />to thrive despite sanctions which have hampered <br />Huawei's access to vital chipmaking tools. .<br />The company's smartphone business has managed <br />to thrive despite sanctions which have hampered <br />Huawei's access to vital chipmaking tools.
