Latest Huawei Technologies Co Ltd News

Yellen calls for level playing field for US workers and firms during China visit

Apr. 05, 2024 08:21 AM EDT

GUANGZHOU, China (AP) — U.S. Treasury Secretary Janet Yellen called on China on Friday to address manufacturing overcapacity that she said risks causing global economic dislocation, and to create a level playing field for American companies and workers. Starting a five-day visit in...

Huawei’s profit more than doubles in 2023, sales up 9.6% as cloud and digital businesses grow

Mar. 29, 2024 04:25 AM EDT

HONG KONG (AP) — Chinese telecoms gear company Huawei Technologies has reported its profit more than doubled last year as its cloud and digital businesses thrived in spite of U.S. sanctions. The Shenzhen-based company reported a net profit of 87 billion yuan ($12 billion), helped...

Nokia sales and profit drop as economic challenges lead to cutback on 5G investment

Jan. 25, 2024 06:08 AM EST

HELSINKI (AP) — Nokia on Thursday reported a double-digit decline in sales and a fall in profit in the last three months of 2023, with the wireless and fixed-network equipment maker saying operators are cutting back on investments into 5G and other technology because of economic uncertainty. ...