Huawei Reports Second-Highest Annual Revenue in Company History, Eyes Growth Amid U.S. Sanctions

Benzinga

According to CNBC, Huawei reported a sharp rise in 2024 revenue driven by growth in its telecommunications and consumer businesses. Huawei's 2024 revenue rose year-on-year to its second-highest level ever, just below its record from 2020. The company is adjusting its business to cope with U.S. sanctions that limit access to critical technologies such as semiconductors. Huawei's chairwoman said the company overcame external challenges in 2024 by improving quality and efficiency and plans to invest in foundational technologies to pursue differentiated growth.

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00:00It's Benzinga bringing Wall Street to Main Street reported a sharp rise in 2024 revenue driven by

00:05growth in its telecommunications and consumer businesses. And according to CNBC, Huawei's 2024

00:11revenue rose year on year to its second highest level ever, just below its record from 2020.

00:15Companies adjusting its business to cope with US sanctions that limit access to critical

00:19technologies such as semiconductors. Huawei's chairwoman said that the company overcame external

00:25challenges in 2024 by improving quality and efficiency and plans to invest in foundational

00:30technologies to pursue differentiated growth. For all things money, visit Benzinga.com slash GSTV.

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