The Chinese technology giant Huawei increased its turnover by 3.1% in the first half of 2023, to 43,100 million dollars (39,110 million euros), as announced this Friday. The figure is achieved despite US sanctions, which block access to US processor chips and other technology.
The company overcame the measures, which have hit its smartphone brand hard, increasing emphasis on selling network equipment to hospitals, ports, electric car brands and other industrial customers, which it believes will be less vulnerable to them. .
The profit margin was 6,500 million dollars (5,900 million euros), jumping from 4.3% to 15%. "Huawei has been investing heavily in core technologies to take advantage of trends in digitization, intelligence, and decarbonization, focusing on creating value for our customers and partners," said Sabrina Meng, Huawei rotating president.
Sales of infrastructure services were 23,200 million dollars (21,050 million euros), consumer sales reached 14,300 million dollars (12,980 million euros) and the incipient sales of automobiles achieved 138.6 million dollars (125 .78 million euros).
The profit margin was 6,500 million dollars (5,900 million euros), jumping from 4.3% to 15%.
Huawei has faced a US blockade of access to processor chips and other technology since then-President Donald Trump imposed it, due to a battle with Beijing over technology and security.
The American authorities assure that the company is a risk and can facilitate espionage by China, something that Huawei denies. The company, which is the world's largest maker of network equipment for phone and internet companies, claims to have been able to develop substitutes for US components and to have made great strides in developing its own design tools for processor chips.
The company sold Honor, its cheapest smartphone brand, to a Chinese conglomerate in 2020. It still sells phones under the Huawei brand, but focusing on the Chinese market as overseas sales have plummeted.
