The company’s net income went up 75.9% year on year to $17.8 billion in 2021 even as its revenues fell 29% to $99.9 billion from $139.9 billion in 2020.
US President Joseph R. Biden, Jr. in November signed a law to prevent companies like Huawei deemed as security threats from receiving new equipment licenses from US regulators. “Our fight to survive is not over yet,” Mr. Guo told global media at the conference. “No matter what comes our way, we will keep investing. That is the only way forward.”
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