Huawei Technologies’ revenue in 2020 Q4 dropped 11.2 percent to 220.1 billion yuan (about $33.6 billion) from a year earlier. For 2020, revenue grew 3.8 percent to a record-breaking 891.4 billion yuan, but the Q4 drop represents how U.S. sanctions inked in September have made it difficult for Huawei to source advanced chips. Huawei revealed it was one of its slowest years ever for revenue growth. Swedish company Ericsson has been the biggest beneficiary, now surpassing Huawei’s cellular equipment sales. However, the company is defending Huawei, citing the importance of free trade. Continue reading Huawei Feels Pinch of U.S. Sanctions, Ericsson Contests Ban

Huawei Technologies challenged the constitutionality of the National Defense Authorization Act’s provision that restricts federal agencies from buying any product from the Chinese telecom, its rival ZTE or third parties, such as contractors. One of Huawei’s chairmen, Guo Ping, stated that, in passing this law, “Congress acted unconstitutionally as judge, jury and executioner.” Huawei also opened a Cyber Security Transparency center in Brussels to allay suspicions that it is involved in espionage for China. Continue reading Huawei Sues U.S. Over Law Banning Sale of Its 5G Products