Thursday, February 6th 2025
Huawei Delivers Record $118 Billion Revenue with 22% Yearly Growth Despite US Sanctions
Huawei Technologies reported a robust 22% year-over-year revenue increase for 2024, reaching 860 billion yuan ($118.27 billion), demonstrating remarkable resilience amid continued US-imposed trade restrictions. The Chinese tech giant's resurgence was primarily driven by its revitalized smartphone division, which captured 16% of China's domestic market share, overtaking Apple in regional sales. This achievement was notably accomplished by deploying domestically produced chipsets, marking a significant milestone for the company. In collaboration with Chinese SMIC, Huawei delivers in-house silicon solutions to integrate with HarmonyOS for complete vertical integration. The company's strategic diversification into automotive technology has emerged as a crucial growth vector, with its smart car solutions unit delivering autonomous driving software and specialized chips to Chinese EV manufacturers.
In parallel, Huawei's Ascend AI 910B/C platform recently announced compatibility with DeepSeek's R1 large language model and announced availability on Chinese AI cloud providers like SiliconFlow. Through a strategic partnership with AI infrastructure startup SiliconFlow, Huawei is enhancing its Ascend cloud service capabilities, further strengthening its competitive position in the global AI hardware market despite ongoing international trade challenges. Even if the company can't compete on performance versus the latest solutions from NVIDIA and AMD due to the lack of advanced manufacturing required for AI accelerators, it can compete on costs and deliver solutions that are typically much more competitive with the price/performance ratio. Huawei's Ascend AI solutions deliver modest performance. Still, the pricing makes AI model inference very cheap, with API costs of around one Yaun per million input tokens and four Yuan per one million output tokens on DeepSeek R1.
Source:
Tom's Hardware
In parallel, Huawei's Ascend AI 910B/C platform recently announced compatibility with DeepSeek's R1 large language model and announced availability on Chinese AI cloud providers like SiliconFlow. Through a strategic partnership with AI infrastructure startup SiliconFlow, Huawei is enhancing its Ascend cloud service capabilities, further strengthening its competitive position in the global AI hardware market despite ongoing international trade challenges. Even if the company can't compete on performance versus the latest solutions from NVIDIA and AMD due to the lack of advanced manufacturing required for AI accelerators, it can compete on costs and deliver solutions that are typically much more competitive with the price/performance ratio. Huawei's Ascend AI solutions deliver modest performance. Still, the pricing makes AI model inference very cheap, with API costs of around one Yaun per million input tokens and four Yuan per one million output tokens on DeepSeek R1.
25 Comments on Huawei Delivers Record $118 Billion Revenue with 22% Yearly Growth Despite US Sanctions
If not intentional, I do apologize for the accusation.
At no point, I am trying to provoke anything political. Just good ol' tech news. Mods here do a good job of managing political rage :)
But we'd be better off in collaboration, not in this constant war path. Imagine every one trying to invent something on their own, it takes much longer vs sharing knowledge.
(yes, this is a sarcastic post)
reviews of anything huawei have been scares and if there suspect
I sure do miss them in the mobile space,
China perhaps hasn't caught up with the newest lithographies of the West yet - but they do it all in single country. And in a strict government control. And enormous home market.
Compared to the rest of the world, that buys lithography tools from Netherlands, makes chips in Taiwan or South Korea, orders assembly from China... I wonder who's gonna have problems here with all the trade wars looming?
Mind you, Huawei 5G network equipment has been banned since 31 December 2020 and existing kit is due for removal by 2027.
Oh, I see, they weren't actually banned, but with 2019 restrictions Chinese companies weren't able to produce new flagships with 5G modems, causing for instance Huawei's revenue to fall 50%. But they overcome that now, just in time for the new restrictions.
:p
Those words in 1 sentence make it a political thread by default.
I have a Chinese phone, not from Huawei, and it's amazing, for a fraction of the price of the bigger brands.
I don't buy other people's fights, especially with my wallet.
Really got no idea how Apple are still shifting $50bn a year of new phones, that are identical in normal usage to what they sold in the few years before. To me it's bizarre.
I just remember buying one of those cheap Samsung phones (I think it was the A20 or something), and the shop attendant asked me if I wanted to take a look at their credit options. I was like "you what, mate?" :D
But seriously, my Blackview has the same MediaTek SoC that my Samsung had before, but with more RAM and storage, so what's the deal with big brands? I don't get it. :)
For the record, I like tech discussion, so please don't draw me in here again.