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Huawei’s Revenue Growth Slows as US Tightens Sanctions

26 Oct 2020 9:48 AM | Mia Devonshire (Administrator)

Huawei are experiencing a slowdown in revenue in the third quarter as the US enforce new restrictions.

New regulation by the US has meant that companies have to obtain licenses in order to sell tech made by Huawei. 

Currently, Intel is the only firm known to have a license. 

This comes as Huawei releases their new smartphone which could be its last as they are experiencing shortages in sourcing chips required to manufacture goods.

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