Amid US Restrictions, Huawei Continues to Show Declining Revenue, Report Says
Huawei’s revenue fell nearly 6% in the first half of this year compared with the same time last year, the latest sign that U.S. export restrictions are hurting the Chinese company’s operations, The Wall Street Journal reported Aug. 12. The…
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company reported a revenue of 301.6 billion yuan, or about $44.7 billion, the WSJ said, a figure that has been falling since Huawei was added to the Commerce Department’s Entity List in 2020.