Despite U.S. ban, Huawei wins the first half up to 30%

Bloomberg reported this Tuesday to Huawei Technologies Co. Ltd’s revenue, which increased by roughly 30% in the first half as selected teams have secured critical supplies to keep production, including US export technology constraints.

Bloomberg also cited that Huawei’s revenue growth of 30% in the first half was pronounced as a slowdown by 39% in the first three months of 2019, but has risen sharply since 2018.

Huawei was mentioned in the black export list by the United States citing national security issues, stopping US suppliers from selling to the world’s largest telecommunications equipment makers and smartphone manufacturers no. 2, without approval of special.

Huawei has so far managed to increase revenue by aggressively securing contracts for fifth-generation networking devices, Bloomberg said.

The company is said to have rewarded a number of employees to help accelerate revenue despite US bans, Bloomberg added.

Last month Huawei received revenue expectations for the year, with its founder and CEO Ren Zhengfei, pointing out that this  company had taken a harder blow than expected from the US ban.

The firm has denied that its products pose an extraordinary threat to security./Investing.com 

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