The Latest Breaking News from Huawei

Chinese tech giant Huawei Technologies Co almost doubled its R&D budget over the past half-decade to $22.1 billion in 2021, Bloomberg reports. The R&D budget was equivalent to 22.4% of Huawei's sales in 2021, nearly double Amazon.com Inc's (NASDAQ:AMZN) and Google-owner Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) proportions and more than triple iPhone-maker Apple Inc's (NASDAQ:AAPL).  Only Meta Platforms Inc (NASDAQ:FB) came close…

Huawei executive warns of ‘massive losses’ in tech sector as tensions rise over strict lockdowns

Appointment comes just six months after returning from almost three years of house arrest in Canada as the U.S. sought her extradition on fraud charges

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A former ally of Senate candidate Nick Xenophon invokes Nazi Germany as part of a deepening spat between the pair. Senator Rex Patrick compared Mr Xenophon's legal work for Chinese tech giant Huawei to being on the payroll of German arms manufacturers on the eve of World War II.

Senator likens Xenophon’s previous work for Chinese telco to working ‘for the German companies Krupp or Messerschmitt in 1938’ in senate debate

Chinese giant telecom equipment maker Huawei released its 2021 annual report on Monday revealing that sales fell but profit rose. Chief financial officer Meng Wanzhou, appeared at a press conference in Shenzhen to announce the company’s annual results for the first time since being held in Canada in 2018.

Huawei managed to post record profits despite a drop in revenue.