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Xu’s comments on 6G came just days before the one year anniversary of the US chip ban targeting the company. On September 15, 2020, the US officially cut off Huawei from all suppliers, whose products contain US technologies, prompting many overseas media to speculate then whether Huawei, which has been reliant upon chip imports, can survive such a ban.

However, Huawei’s business performance this year has exceeded market expectations. In the first half of 2021, Huawei’s sales revenues slumped by 29 percent on a yearly basis, but its net profit increased 9.8 percent compared with a 9.2-percent growth last year.

“The US ban has hurt Huawei’s business to some extent, but has not been able to hurt it fundamentally. Backed by China’s vast market, Huawei managed to maintain its capital, staff team and research capabilities, which I believe will empower the company to push forward next-generation technologies and reinforce its lead in the global telecom industry,” independent tech analyst Xiang Ligang told the Global Times on Sunday.

Good to see them diversifying enough so that the US chip ban isn’t affecting them too much.

中国的最新发展, A place to learn about China, Chinese and China's latest developments, (Reddit's Sino)
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    这是一个专门讨论中国、中国文化、中国语言和中国人的论坛。

    This is a forum dedicated to China, Chinese culture, Chinese language, and Chinese people, and China’s latest developments.

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    需要翻译英文吗?讨厌谷歌?试试 Deepl。

    Need to translate Chinese? Try Deepl.


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    这个论坛目前由一个不会说中文的人主持,他不是共产党员,而是一个反帝国主义、反附庸国的欧盟联邦主义者,他似乎在任何地方都找不到立足点,因为他国家的所有政党都是亲美附庸国的,所以暂时居住在这里。

    This forum is currently moderated by someone that does not speak Chinese and is not a communist, but an anti-imperialist, anti-vassal state EU federalist that can’t seem to find a foothold anywhere, as all political parties in his country are pro-US vassal state, so resides here for the time being.

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