Chinese telecoms gear company Huawei Technologies has reported its profit more than doubled last year as its cloud and digital businesses thrived in spite of U.S. sanctions
FILE - A customer carries his purchased Huawei product outside a Huawei store after he attended the Huawei new product launch conference in Beijing, on Sept. 25, 2023. . .
Huawei also said it profited from “gains from the sales of some businesses.” It did not specify which businesses were sold.’s first global tech brands, has been caught up in China-U.S. tensions over technology and security. Revenues from its cloud computing business grew almost 22% year-on-year in 2023 to 55.3 billion yuan . Sales for its digital power business grew 3.5%. Its automotive services related sales more than doubled.
Last year, Huawei launched its high-end Mate 60 smartphone line, powered by an advanced chip that it made together with China’s Semiconductor Manufacturing International Corporation .
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