Huawei increased first-half revenue despite US trade ban, chairman says

Huawei Technologies, the world’s largest telecommunications equipment supplier, increased revenue in the first half of this year, despite a US government-imposed trade ban and continued scrutiny overseas about the security of its 5G network products.
“Huawei’s entire businesses ran smoothly [since that ban],” said company chairman Liang Hua, who declined to provide specific figures, at a press conference in Shenzhen on Friday.

“Adding Huawei to the Entity List was neither justified nor fair,” Liang said. “It is not enough to ease restrictions on some US suppliers. We should be removed from the list entirely.”

Its total revenue was expected to remain stagnant at around the US$100-billion level this year and in 2020, according to company founder and chief executive Ren Zhengfei during a panel discussion in Shenzhen on June 17.