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Huawei sales unaffected by U.S. ban on tech giant’s equipment

The U.S ban on Huawei products hasn’t affected the tech giant’s sales, according to the rotating chairman of the company, Eric XU. He added that other countries are unlikely to follow the U.S.’ suit.

Xu said that the company’s sales have risen by 36% over the first two months of 2019, The Chinese tech giant expects a $125 billion spike in its annual revenue.

Xu also said that he didn’t expect the U.S. to step up the scale of the attack by stopping the sales of U.S components to Huawei. He said that Huawei is the third largest buyer of computer chips, a majority of these chips are manufactured by U.S. companies. He said that barring U.S. chip companies from supplying to Huawei would disrupt the global tech industry.

U.S Intelligence authorities believe that Huawei has connections with the Chinese government. They also claim that the company’s equipment could be used as snooping devices. Several countries including New Zealand, Australia and the UK have taken various preventive measures such as banning govt companies from buying equipment from the Chinese tech firm.

Huawei launched a lawsuit against the U.S. calling the U.S govt’s move to ban the tech giant’s equipment unconstitutional. China has backed Huawei in the lawsuit saying that the tech firm has the right to refuse to be victimized like silent lambs”.

Image via Shutterstock

Huawei sales unaffected by U.S. ban on tech giant’s equipment
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