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The Chinese telecommunications giant, Huawei, has experienced a remarkable increase in profits, despite facing significant challenges such as US sanctions. Despite restrictions on US components and technologies, Huawei released a new smartphone model in 2023 using a Chinese-made chip. This move led to an increase in turnover of approximately 9.6 percent.

Huawei has been at the center of a power struggle between China and the US, with the US accusing the company of potential espionage through its products. However, Huawei denies any wrongdoing. The US has tried to persuade its allies to keep Huawei out of their 5G networks, citing security risks associated with Chinese telecommunications equipment manufacturers. The EU has also deemed Huawei as a security risk. In response, China has accused the US of misusing national security to target Chinese companies unfairly.

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