Chinese tech giant Huawei doubles profits in 2023, defying US sanctions

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Chinese tech giant Huawei doubles profits in 2023, defying US sanctions
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Despite ongoing tensions and US sanctions, Huawei reports a significant profit surge as it navigates a contentious global tech landscape.

"Huawei's profit surge follows the release of its Mate 60 Pro smartphone, drawing attention in Washington." / Photo: AP Archive

Sanctions since 2019 have cut the firm's access to US-made components and technologies, forcing it to diversify its growth strategy. Huawei's surge in profits follows a year in which the firm raised eyebrows in Washington with the release of its Mate 60 Pro smartphone.

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