Sharjah 24 – AFP: Chinese tech giant Huawei said on Friday it was back to “business as usual” despite US sanctions, as it estimates annual revenues will remain stable for 2022.
A leading supplier of telecommunications equipment, smartphones, and other advanced equipment, Huawei was hammered during a crackdown by former US President Donald Trump’s administration over cybersecurity and espionage concerns.
His successor Joe Biden has added to that pressure regulations that threaten Huawei’s access to global semiconductor supply chains.
But Huawei chairman Eric Xu struck a positive note in a New Year message.
“In 2022, we have successfully exited crisis mode. US restrictions are now our new normal,” he said in the letter.
“We’re back to business as usual.”
The company estimated annual revenue for 2022 at 636.9 billion yuan ($92 billion), up only slightly from 636.8 billion yuan in 2021.
Huawei has moved to diversify its revenue streams after US-led sanctions took a large chunk out of its telecom equipment and smartphone businesses.
