04-01-2022 16:12 via telecoms.com

Huawei vows to keep investing in diversification

The Chairman of embattled Chinese vendor Huawei has published his New Year message, in which he stressed a strategy of searching for new business areas.
Huawei has greater incentives to diversify than most companies, having had a significant chunk of its business taken away from it by US sanctions. Stated annual revenues for 2021 of 634 billion yuan (~$100b) represent a 29% fall. No breakdown of that figure was offered, but previous announcements indicate pretty much all of that decline comes fr
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