Reuters 8 minutes ago
FILE PHOTO: Workers sit at the Huawei stand at the Mobile Expo in Bangkok
HONG KONG (Reuters) - China's Huawei Technologies [HWT.UL] said on Tuesday revenue in the first half of the year grew 23.2% - faster than a year ago - despite an intense U.S. campaign against it that ultimately became a trade ban from mid-May.
Unlisted Huawei, which only started disclosing quarterly results this year, said revenue in the first half rose to 401.3 billion yuan ($58.28 billion) from 325.7 billion a year ago, with smartphone shipments reaching 118 million units, up 24%.
Huawei's supply chain was significantly disrupted when it was put on a trade blacklist by Washington in mid-May. The U.S. government alleges it is a national security risk as its equipment could be used by Beijing to spy, which Huawei has repeatedly denied.
(Reporting by Sijia Jiang; Additional Reporting by Brenda Goh in SHANGHAI; Editing by Muralikumar Anantharaman)
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FILE PHOTO: Workers sit at the Huawei stand at the Mobile Expo in Bangkok
HONG KONG (Reuters) - China's Huawei Technologies [HWT.UL] said on Tuesday revenue in the first half of the year grew 23.2% - faster than a year ago - despite an intense U.S. campaign against it that ultimately became a trade ban from mid-May.
Unlisted Huawei, which only started disclosing quarterly results this year, said revenue in the first half rose to 401.3 billion yuan ($58.28 billion) from 325.7 billion a year ago, with smartphone shipments reaching 118 million units, up 24%.
Huawei's supply chain was significantly disrupted when it was put on a trade blacklist by Washington in mid-May. The U.S. government alleges it is a national security risk as its equipment could be used by Beijing to spy, which Huawei has repeatedly denied.
(Reporting by Sijia Jiang; Additional Reporting by Brenda Goh in SHANGHAI; Editing by Muralikumar Anantharaman)