Huawei says it’s out of ‘crisis mode,’ though revenue flat

HONG KONG (AP) — Chinese technology giant Huawei says it has emerged from “crisis mode” after years of U.S. restrictions that have stifled its overseas sales, even though its revenue for 2022 failed to grow from a year earlier.

“U.S. restrictions are now our new normal, and we’re back to business as usual,” Eric Xu, Huawei’s current chairman, said in a New Year’s message released Friday.

Huawei Technologies Ltd., China’s first global tech brand, has…

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HONG KONG (AP) — Chinese technology giant Huawei says it has emerged from “crisis mode” after years of U.S. restrictions that have stifled its overseas sales, even though its revenue for 2022 failed to grow from a year earlier.

“U.S. restrictions are now our new normal, and we’re back to business as usual,” Eric Xu, Huawei’s current chairman,…

Read more…

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