Huawei Rewards Staff for Accelerating Revenue Despite a U.S. Ban
- It’s said to have grown revenue roughly 30% in the first half
- Huawei still on war footing despite averting immediate crisis
Employees are seen through a Huawei logo on a window at the company's headquarters in Shenzhen.
Photographer: Qilai Shen/BloombergHuawei Technologies Co. quickened revenue growth to roughly 30% in the first half after select teams secured critical supplies to keep production going despite U.S. technology export restrictions, people familiar with the matter said.
Two months into a Trump-administration ban that cut Huawei off from American suppliers, China’s largest technology company is starting to feel the pinch. Still, while revenue growth of 30% marks a slowdown from 39% in 2019’s first three months, it was up sharply from 2018, the people said, asking not to be identified discussing a private matter. Executives told staff they were relieved it hadn’t been worse, one of the people said.