Huawei Saw 9% Growth in 2023 Despite 'Geopolitical' Challenges

Huawei Technologies had some $98.7 billion in revenue in 2023, said Rotating Chair Ken Hu in a Tuesday message to investors marking the start of 2024. That reflects growth of about 9% over 2022. Huawei’s information and communication technologies “infrastructure business has remained solid, and results from our device business surpassed expectations,” Hu said: “Both our digital power and cloud businesses are growing steadily, and our intelligent automotive solutions have become significantly more competitive.” Hu acknowledged that Huawei has faced challenges in recent years resulting from “geopolitical and economic uncertainties,” technology restrictions and trade barriers. "After years of hard work, we've managed to weather the storm” and “now we're pretty much back on track," he said.