Huawei Delivers Record $118 Billion Revenue with 22% Yearly Growth Despite US Sanctions

[AleksandarK]

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.



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[R-T-B]

I'm sorry but I gotta say it: You newsposters sure love trollbait as of late.

 

[AleksandarK]

I'm sorry but I gotta say it: You newsposters sure love trollbait as of late.

Care to elaborate?

 

[R-T-B]

Care to elaborate?

China tariff-related threada like this draw the worst kind of political posters.

If not intentional, I do apologize for the accusation.

 

[AleksandarK]

China tariff-related threada like this draw the worst kind of political posters.

If not intentional, I do apologize for the accusation.

I find it interesting how sanctions "impacted" Huawei, which is now stronger than ever. Plus, I genuinely believe that every superpower/country should have a domestic silicon manufacturing chain, and people love reading about it.

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

 

[R-T-B]

I find it interesting how sanctions "impacted" Huawei, which is now stronger than ever. Plus, I genuinely believe that every superpower/country should have a domestic silicon manufacturing chain, and people love reading about it.

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

That's fair I suppose. I'm just tired lol.

 

[Bomby569]

I find it interesting how sanctions "impacted" Huawei, which is now stronger than ever. Plus, I genuinely believe that every superpower/country should have a domestic silicon manufacturing chain, and people love reading about it.

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

there's nothing better besides necessity to drive someone.
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.

 

[AusWolf]

Stop trade with X country -> X country will sponsor and develop their own brands. I don't know why Western politicians find this so hard to understand.

 

[azrael]

Waiting for the inevitable decree from Trump forbidding the Chinese to buy Huawei products. Otherwise, prepare for 200% tariff...
(yes, this is a sarcastic post)

 

[kondamin]

Bit of a we‘ll have to take your word for it.
reviews of anything huawei have been scares and if there suspect

I sure do miss them in the mobile space,

 

[Bwaze]

This will become really interesting in a very short time.

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?

 

[mb194dc]

Probably more like because of US sanctions..., all these sales will be in China replacing western brands like Apple and others....

 

[Harlow]

Bit of a we‘ll have to take your word for it.
reviews of anything huawei have been scares and if there suspect

I sure do miss them in the mobile space,

Just checked my local Amazon. Plenty of Huawei phones and laptops for sale, plus other devices in the Huawei Store.

Mind you, Huawei 5G network equipment has been banned since 31 December 2020 and existing kit is due for removal by 2027.

 

[kondamin]

Just checked my local Amazon. Plenty of Huawei phones and laptops for sale, plus other devices in the Huawei Store.

Mind you, Huawei 5G network equipment has been banned since 31 December 2020 and existing kit is due for removal by 2027.

hmm they must have not popped up when i was looking for new devices as I sorted for those that had 5g, there is indeed a bunch of them.

 

[Bwaze]

Isn't the ban just for the Chinese 5G network equipment (Huawei,ZTE), and it doesn't apply to the individual phones?

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.

 

[AusWolf]

Probably more like because of US sanctions..., all these sales will be in China replacing western brands like Apple and others....

Exactly. I've heard China is doing just fine (although I don't live there so I don't know for sure). Sanctions seem to be hurting the US and the rest of the Western world more than they do China.

 

[Why_Me]

China tariff-related threada like this draw the worst kind of political posters.

If not intentional, I do apologize for the accusation.

As usual you bring politics into this in an attempt to get this thread locked.

 

[olymind1]

As usual you bring politics into this in an attempt to get this thread locked.

Huawei, Revenue, Growth, US, Sanctions

Those words in 1 sentence make it a political thread by default.

 

[Daven]

That's Nvidia scale revenue. Almost $30B average per quarter!

 

[Bwaze]

That's Nvidia scale revenue. Almost $30B average per quarter!

Phone users + cellular network equipment is actually a very large customer group.

 

[Hyderz]

I just came back from Malaysia and Chinese phones are popular there… Samsung and Apple are also there but costs way more than most ppl can afford… oppo, xiao mi and xiao mi are quite dominant in south east Asia due to their cost