Huawei Revenue Drops By 29 In 2021 Mainly Due To Us Sanctions
The sanctions specifically target the sale of all Huawei products worldwide. Huawei also does not have access to hardware and software manufactured by US companies. Huawei’s CEO has previously stated that the supply of chips is one of their main concerns. Due to the sanctions, Huawei was forced to use 4G Snapdragon chips instead of 5G in its products. As per the company’s announcement, they made 634 billion yuan ($99.5 billion) in 2021, which shows a decrease of 29% compared to last year....