Chinese telecommunications company Huawei’s 2022 net profit decreased by 68.7% to 35.6 billion yuan ($5.2 billion). This was announced at a press conference by Huawei Chairman Xu Zhijun. area companies.
Xu said revenue in 2022 was 642.3 billion yuan ($94.4 billion), up 0.9% from 2021.
The Chinese company spent 161.5 billion yuan ($23.7 billion) on R&D last year, up 25.1% from the previous year. This is one of the highest figures in the company’s history.
USA in 2019 introduced Sanctions against Huawei as part of the trade war with China. It has stopped deliveries of the latest chips and blocked access to American technologies, including Washington.
In the first half of March, the Mobile World Congress (MWC) technology fair was held in Barcelona, where Huawei introduced new server motherboards. Tom’s Hardware has released photos taken by attendees of the event, where the names of all the chips in the company’s devices are covered with black tape.