Huawei Applied sciences noticed slight revenue and revenue progress in 2020, in keeping with its expectations, its rotating chairman stated on Tuesday, whilst Washington toughened up sanctions in opposition to the Chinese language telecom tools maker.

The corporate was placed on an export blacklist by former U.S. President Donald Trump in 2019 and barred from accessing vital expertise of U.S. origin, affecting its capacity to design its personal chips and supply parts from outdoors distributors.

Huawei has repeatedly denied it poses a safety threat.

“Huawei was confronted with some extraordinary difficulties final 12 months,” rotating Chairman Ken Hu stated at business occasion Cell World Congress Shanghai.

“Operations have been comparatively steady and in keeping with our steerage, registering slight progress in income and revenue.”

Earlier this month, the corporate’s founder and Chief Govt Ren Zhengfei stated he hoped the Biden administration would “harbour an open coverage” in direction of U.S. corporations doing enterprise with Huawei in his first feedback to the media in a few 12 months.

China has up to now spent greater than 260 billion yuan ($40.27 billion) in constructing its 5G community, an official with the Ministry of Data and Data Expertise stated on Tuesday.

Huawei on Monday unveiled its new 5G Mate X2 foldable telephone, which is able to use the corporate’s proprietary Kirin processor.

Although with the most cost effective mannequin beginning at 17,999 yuan ($2,788), the telephone isn’t positioned to problem the mainstream telephone market.

Huawei arrange 50,000 5G base stations in Indonesia, Hu stated, including that it plans to construct 2,000 base stations in distant areas of Ghana.

The corporate is anticipated to submit its full-year leads to March, a spokesman stated.

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