Despite the ban from the US, Huawei’s revenue in the first half of 2019 still grew by 30%.

According to Bloomberg sources, revenue for the first half of 2019 by Chinese technology firm Huawei Technologies has increased by nearly 30%, after a select group of employees has secured supply for many important components to maintaining production despite the US technology export restriction order.

Since May this year, the US government has put Huawei on the black list of technology exports due to concerns about national security issues, forcing US suppliers to have special licenses to sell products to The world’s largest telecommunications equipment manufacturer and the world’s second smartphone manufacturer.

Despite US export restrictions, Huawei still achieved a 30% growth thanks to the stock of reserves.

Although growing 30% in the first half of this year, but compared to the growth of 39% in the first 3 months of this year, it shows the momentum is slowing, though still significantly higher than the same period in 2018.

In addition, Huawei is also facing the question of how long it can maintain its growth momentum while it is still on the black list of the US government and may have a surplus of reserves after 2 months. Export prohibited. Even though the US president has allowed the sale to return, American companies still face many obstacles when they want to do so.

According to Bloomberg, Huawei has so far sought to increase revenue by actively acquiring equipment contracts for the 5G network. Huawei declined to comment on the Bloomberg report.

Last month, Huawei cut its revenue forecast for this year, when its founder and CEO, Nham Chinh Phi, said the company had encountered more difficulties than expected for the government ban. America.

Refer to Reuters