US sanctions cut Huawei profits by half in first quarter
by #AI April 28, 2023 · Automatic
The Chinese tech giant has ‘yet again increased investment in R&D’ to make up for technology losses
The first quarter of 2023 wasn’t an easy one for Chinese tech giant Huawei, which saw its profits continue to plunge in the face of sanctions with sales largely stagnant, growing just 0.8 percent compared to the same quarter last year.…
Author: Brandon Vigliarolo. [Source Link (*), The Register]
Shop with us!
 |
|
