Huawei chairman says the ‘aim is to survive’ as revenue slides 29%
Summary
The chairman of Huawei said the Chinese technology companys "aim is to survive" as revenue fell almost 30% in the first half of the year. Huawei said its profit margin grew 0.6% to 9.8%, largely as a result of efficiency improvements, and added that the overall performance was in line with forecasts. Eric Xu, Huaweis rotating chairman, said in a statement that the company had set its strategic goals for the next five years. Former U.S. President Donald Trump put Huawei on an export blacklist in 2019, a move that prevents American firms from doing business with it. For instance, Google was no longer allowed to license its Android mobile operating system to Huawei.
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