f
  •  
2/2 Huawei delivers 'slight' growth in challenging 2020, chairman says © Reuters. FILE PHOTO: Huawei logo is pictured on the headquarters building in Reading 2/2

By Josh Horwitz

Shanghai, China (Reuters) - Chinese telecom equipment maker Huawei Technologies, which is struggling under U.S. sanctions, saw slight growth in its annual performance, helped by significant levels of confidence from its customers.

Huawei was confronted with "extraordinary difficulties" last year, though operations were relatively stable, with partners continuing to support the company, rotating Chairman Ken Hu said at the Mobile World Congress on Tuesday.

The telecom equipment maker 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 the company's ability to design its own chips and source components from outside vendors.

The company has repeatedly denied it poses a security risk.

Earlier this month, the company's founder and Chief Executive Ren Zhengfei said he hoped the Biden administration would "harbour an open policy" towards U.S. firms doing business with Huawei in his first comments to the media in about a year.

Ren said the company saw positive growth and net profit in 2020.

China has so far spent more than 260 billion yuan ($40.27 billion) in building its 5G network, an official with the Ministry of Information and Information Technology said on Tuesday.

Huawei on Monday unveiled its new 5G Mate X2 foldable phone, which will use the company's own proprietary Kirin processor.

Though with the cheapest model starting at 17,999 yuan ($2,788), the phone is not positioned to challenge the mainstream phone market.


Other relevant articles 
[2021-02-19 12:50:10] UK court blocks release of HSBC papers in Huawei CFO fraud case
[2021-02-19 04:50:17] Canada says alleged Trump interference in extradition case of...
[2021-02-09 17:55:04] Huawei challenges U.S. FCC over national security threat...
[2021-01-29 23:45:13] Republican lawmakers press Biden Commerce nominee on Huawei...
[2021-01-29 01:40:10] Huawei smartphone shipments plummet amid U.S. sanctions
[2021-01-27 19:50:16] White House says telecom equipment made by vendors such as Huawei is a threat to national security
[2021-01-22 11:55:17] Huawei founder praises U.S. tech in first word from company since...
[2021-01-22 05:20:10] Chinese phone maker Honor partners with key chip suppliers after...
[2021-01-18 02:05:22] Trump Halts Huawei Supply in Final China Blow, Reuters Says
[2021-01-17 19:25:27] Exclusive: Trump slams Huawei and its suppliers one final time
[2021-01-15 15:35:19] Huawei to open its biggest flagship store outside China in Riyadh
[2021-01-15 09:40:11] Swedish court dismisses Huawei appeal over 5G network exclusion
[2021-01-13 23:10:09] Huawei CFO Meng Wanzhou received death threats in mail, Canada...
[2021-01-12 21:00:07] Huawei CFO Meng Wanzhou asks Canada court to drop security detail...
[2021-01-07 12:05:13] Huawei appeals Swedish court decision over 5G network exclusion
[2021-01-06 08:15:07] Huawei to pack less of a punch in the new year after bruising...
[2021-01-01 09:40:32] Tencent games removed from Huawei app store over revenue dispute-source
[2020-12-20 17:55:19] U.S. lawmakers to back $1.9 billion to replace telecom equipment...
[2020-12-18 12:55:10] Sweden to resume 5G auctions despite Huawei legal challenge
[2020-12-17 19:40:08] Huawei to build network equipment factory in France
[2020-12-17 16:25:07] Samsung works its way into European 5G race to fill Huawei gap
[2020-12-16 11:15:07] Swedish court partly grants appeal by telecoms regulator on...
[2020-12-14 19:15:23] Chinese professor, despite no remorse, to return home after...
[2020-12-10 17:45:08] FCC affirms Huawei poses U.S. national security threat
[2020-12-10 12:10:07] Canadian border official set to wrap up testimony in Huawei CFO...
[2020-12-09 12:15:03] Canada border official who shut down FBI requests in Huawei CFO...
[2020-12-08 12:25:02] Testimony of Canada airport police officer to wrap up in Huawei...
[2020-12-07 14:25:22] Seeking end to 5G ban, Huawei says ready to accept terms Sweden...
[2020-12-07 12:20:25] Huawei CFO back in Canada court in extradition case as U.S....
[2020-12-05 00:25:21] Chinese professor pleads guilty to lying to FBI in Huawei-related...
[2020-12-04 00:55:11] U.S. in talks with Huawei CFO Meng on resolving criminal charges:...
[2020-12-03 22:35:38] Brazilian soy farmers try 5G technology with Huawei equipment
[2020-11-30 01:16:47] Britain bans new Huawei 5G kit installation from September 2021
[2020-11-27 12:15:11] Police officer at Vancouver airport to face questioning in Huawei...
[2020-11-27 04:45:10] Huawei founder urges Honor subbrand to become competitor after...
[2020-11-26 12:20:12] Defense to finish pressing Canada police supervisor on Huawei...
[2020-11-25 12:20:07] Canadian police supervisor who oversaw Huawei CFO arrest set for...
[2020-11-23 12:25:21] Canada police conduct under microscope in witness testimony for...
[2020-11-23 08:40:23] Smelling blood, Huawei’s Chinese mobile rivals look to capitalise...
[2020-11-20 12:10:10] Canada court expected to hear from more police witnesses in...
[2020-11-18 12:25:06] Defense to continue probing Canada border officials in Huawei...
[2020-11-18 10:25:06] Ericsson takes issue with Swedish ban on Huawei: FT
[2020-11-18 03:35:06] Canada border officer says did not take direction from FBI in interrogation of...
[2020-11-17 00:15:26] Huawei to sell Honor brand to consortium of agents and dealers in...
[2020-11-16 09:10:24] Huawei CFO witness testimony to resume in Canada in U.S. extradition case
[2020-11-14 18:10:15] Qualcomm receives U.S. permission to sell 4G chips to Huawei in...
[2020-11-13 10:10:12] Swedish telecoms regulator to appeal court decision on Huawei...
[2020-11-10 12:25:02] Timeline: Huawei feeling the heat as it eyes Honor sale
[2020-11-10 06:10:02] Exclusive: Huawei to sell $15 billion Honor unit to Shenzhen...
[2020-11-09 19:20:23] Court grants stay on exclusion of Huawei from Swedish 5G networks
[2020-11-09 03:25:21] Samsung may launch flagship phone early to grab Huawei share:...
[2020-11-07 01:00:17] Brazilian telecoms snub U.S. official over Huawei 5G pressure:...
[2020-11-06 10:05:10] Huawei appeals ban from 5G networks in Sweden: telecom regulator
[2020-11-04 15:20:07] Huawei says to defend double-digit smartphone market share in Germany
[2020-10-31 02:35:13] Canada border agent says he received unusual FBI phone call in Huawei CFO U.S....
[2020-10-29 12:10:06] Sony, OmniVision receive U.S. licences to export sensors to...
[2020-10-29 11:10:07] Huawei lawyers to question Canada border official in fourth day...
[2020-10-27 00:45:27] Samsung Display gets U.S. licenses to supply some panels to...
[2020-10-26 18:20:34] Huawei CFO arrives at Canada court for witness testimony in U.S....
[2020-10-23 06:25:10] Huawei third-quarter revenue rises 3.7%, ending double-digit...
[2020-10-22 13:45:07] Saudi Arabia signs MoUs with IBM, Alibaba and Huawei on AI
[2020-10-22 12:30:07] STMicro sees more sales growth in fourth-quarter despite Huawei ban
[2020-10-21 10:00:12] China says Sweden should address its wrong decision on Huawei,...
[2020-10-20 09:45:05] Sweden bans Huawei, ZTE gear for use by firms taking part in 5G...
[2020-10-15 09:45:06] Dutch telecom KPN picks Ericsson over Huawei for 5G network
[2020-10-14 07:10:07] Exclusive: Huawei in talks to divest parts of Honor smartphone...
[2020-10-11 11:00:25] U.S. sanctions turn up heat but Huawei serving European 5G clients, executive...
[2020-10-11 11:00:25] U.S. sanctions turn up heat but Huawei serving European 5G...
[2020-10-09 12:05:11] Huawei ousted from heart of EU as Nokia wins Belgian 5G contracts
[2020-10-08 22:00:13] Exclusive: Orange venture in Belgium to replace Huawei mobile...
[2020-10-08 09:55:06] UK parliament committee says Huawei colludes with the Chinese...
[2020-10-01 14:40:12] Britain says Huawei security failings pose long-term risk: govt...
[2020-09-30 19:45:21] Huawei CFO arrives in court for end of latest hearings in U.S....
[2020-09-30 14:40:08] Huawei ready to reveal inner workings to show no security threat
[2020-09-29 20:25:04] Huawei CFO Meng arrives in Canada court for latest round in U.S....
[2020-09-29 16:55:04] U.S. renews pressure on Europe to ditch Huawei in new networks
[2020-09-29 04:30:04] Sanctions-hit Huawei ramps up investment in Chinese tech sector
[2020-09-28 09:25:22] Huawei CFO Meng back in Canadian court fighting U.S. extradition
[2020-09-24 17:35:07] Italy government to discuss security of key networks, Huawei in 5G: sources
[2020-09-22 07:45:03] Intel gets U.S. licence to supply some products to Huawei
[2020-09-22 01:50:27] Huawei plans more cuts to jobs, investment in Australia
[2020-09-17 22:20:09] U.S. regulator seeks comments on possible risks to power grid...
[2020-09-17 22:20:09] U.S. regulator seeks comments on possible risks to power grid...
[2020-09-17 11:10:08] Kioxia says U.S. restrictions on Huawei could cause memory chip...
[2020-09-17 05:50:30] Huawei phone prices rise in China on fears of chip shortage
[2020-09-15 16:05:03] Pompeo says confident will be effective competitors to Huawei...
[2020-09-13 16:15:20] Exclusive: Canada looks set for a fight over C$1 billion...
[2020-09-09 05:50:12] Samsung, LG Display to stop supplying panels to Huawei due to...
[2020-09-05 18:05:14] TIM CEO says not a problem to develop 5G without Huawei
[2020-09-04 17:05:10] Rural telecom networks would spend $1.837 billion to remove...
[2020-08-31 21:35:23] U.S. crackdowns on Huawei prompt chip stockpiling, proposed aid...
[2020-08-30 05:50:21] Huawei focusing on cloud business which still has access to U.S....
[2020-08-27 11:00:09] Bouygues to remove 3,000 Huawei-made mobile antennas in France by...
[2020-08-25 22:50:05] Canadian, Chinese foreign ministers meet amid tensions over...
[2020-08-23 14:50:36] Russia ready to co-operate with Huawei on 5G: Ifax cites Lavrov
[2020-08-20 11:50:07] China vows all necessary measures to protect its firms following...
[2020-08-18 08:20:03] New U.S. sanctions to slam Huawei, further roil tech supply
[2020-08-17 17:35:22] U.S. again tightens restrictions on Huawei
[2020-08-17 13:40:31] Exclusive: U.S. to tighten restrictions on Huawei access to...
[2020-08-17 12:10:22] Huawei CFO to push for release of classified documents in Canada...