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