Chinese telecoms firm Huawei grew faster in 2023 than it has for four years, as it shrugged off the impact of US sanctions.
Revenues rose by nearly 10% to 704.2bn yuan (£77bn) as the Shenzhen-based company enjoyed a rebound within its consumer segment, which includes smartphone handsets.
The performance meant Huawei defied the effect of sanctions imposed by the US in 2019, when Donald Trump’s White House accused the firm of being a security risk, something Huawei denies.
The UK also vowed in 2020 to remove Huawei from 5G infrastructure by 2027, due to similar concerns, prompting fury from China at a decision taken by the British government, but for which Trump appeared to take credit.
Despite the restrictions, last year marked the third consecutive year of growth for Huawei, which had reported a fall in revenues in 2021, when it exhausted its stocks of microchip reserves.
