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Tom’s Hardware
Tom’s Hardware
Technology
Anton Shilov

Blacklisted Huawei posts record profits despite U.S. sanctions — Chinese tech giant raked in $7.7B in net profit in 1H 2024

Huawei.

As a high-tech giant whose capabilities span from 'almost' fundamental research to end-user consumer products, Huawei has been targeted by the U.S. government's sanctions for quite a while amid suspicions of ties with the Chinese military. However, according to data from the Chinese Business Network (CBN), the company has adapted to sanctions as its consumer business revived in the first half of the year.

Before we dive into details, which are hard to do without knowledge of what we do know so far, we should know that what we do know is based on third-party reports.

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