huawei
The US government has revoked licences which allowed Chinese telecommunications giant Huawei to buy older chips from the US semiconductor companies Qualcomm and Intel, financial news agency Bloomberg reported. The corresponding supply licences have been withdrawn, the chairman of the Foreign Affairs Committee in the US House of Representatives, Michael McCaul, told Bloomberg. The US Department of Commerce only confirmed that some export licences for Huawei had been withdrawn, but did not specify which companies were involved. However, according to McCaul, the committee was informed about the w...
DPA Breaking News
Chinese telecommunications giant Huawei grew significantly last year despite US technology sanctions. Business with private customer, in cloud computing and in the automotive sector all increased significantly. "We've been through a lot over the past few years. But through one challenge after another, we've managed to grow," said chairman Ken Hu in Shenzhen on Friday, according to a statement. In total, the southern Chinese company generated about $97.8 billion in revenue - an increase of 9.63% compared to the previous year, the group reported. Net profit rose by more than 140% to about $12 bi...
DPA Breaking News
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