Huawei’s Sales Fall 32% After US Sanctions
The Chinese tech giant has struggled to hold onto market share under sanctions that block its access to most US processor chips and other technology. Q3 2021 hedge fund letters, conferences and more Huawei's Smartphone Business Significantly Impacted By US SanctionsGuo Ping, chairman of Huawei, stated that smartphone and other consumer-oriented businesses have been "significantly impacted" but sales to phone carriers and other commercial customers "remain stable." Huawei has responded to the sanctions by prioritizing China's domestic market. Network technology for hospitals, factories, industr...