
Huawei, the Chinese tech giant, is having an unlikely comeback story. Starting with a new premium smartphone in August 2023, the U.S.-sanctioned company has released new phones, laptops, AI chips, and EVs, putting it at the forefront of China’s drive for tech self-sufficiency. Huawei generated almost $100 billion in sales in 2023.
But Huawei founder Ren Zhengfei isn’t still quite sure his company is past its troubles.