Huawei Reports 13.1% Growth In First Half Of 2020

Chinese tech giant Huawei, despite continued brushes with controversy and overseas pushback, reported notable growth on Monday. The consumer electronics and telecommunications leader reported that its revenue rose by 13.1% in the first half of 2020, bringing the figure to 454 billion yuan, or roughly $65 billion.

While still posting positive gains during a troublesome year for many companies, Huawei’s revenue growth is still down from the first half of 2019.

In 2020, the company reported 23.2% growth across the same timeframe.

Huawei finds itself embroiled in controversy in the U.K. As a result of sanctions placed on the company by the U.S., the British government is moving ahead with a plan to remove Huawei’s technology from its 5G networks. In return, Huawei has requested a delay in the ban until 2025, citing the difficulty of removing all of its hardware from the country’s infrastructure in a short amount of time.

Huawei’s reputation worldwide has arisen from its close ties to the Chinese government and armed forces, stoking fears that its telecommunications hardware, smartphones, and laptops may be vehicles for overseas espionage.