( ) -q-23- UNDATED (Correspondent Jeremy House) “margin was 15-percent.” Chinese tech giant Huawei says its revenue rose 3% over a year earlier and its profit margin widened in the first half of 2023 despite sanctions that limit its access to U.S. processor chips. [CutID: <Cuts> HUAWEI-PROFITS-house-q-FRIam.mp3 Time: 23s Title: HUAWEI-PROFITS-house-q-FRIam Out-cue: margin was 15-percent] […]
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Chinese tech giant Huawei reports sales, profit up despite US sanctions
( ) -q-23- UNDATED (Correspondent Jeremy House) “margin was 15-percent.”
Chinese tech giant Huawei says its revenue rose 3% over a year earlier and its profit margin widened in the first half of 2023 despite sanctions that limit its access to U.S. processor chips.
[CutID: <Cuts> HUAWEI-PROFITS-house-q-FRIam.mp3
Time: 23s
Title: HUAWEI-PROFITS-house-q-FRIam
Out-cue: margin was 15-percent]
TAG: Correspondent Jeremy House reporting. Huawei struggled after then-President Donald Trump cut off access to U.S. processor chips and other technology in a feud with Beijing over technology and security.
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VERBATIM: China’s first global tech brand has responded to U.S. curbs that devastated its smartphone brand by increasing emphasis on serving hospitals, electric car brands and other industrial customers. The company said first-half revenue rose 3.1% to 43.1 billion dollars. It gave no profit figure, but noted its profit margin was 15%.