Huawei CEO Suggests to Shut Down Marginal Businesses and Put Survival the First

(YoY) fall amid U.S. restrictions on its access to chips since 2020. Its net profit margin in the six months declined to 5.0%, almost half of margin in the same period a year ago. "While our device business was heavily impacted, our ICT infrastructure business maintained steady growth," Ken Hu, Huawei's Rotating Chairman, commented. Hu promised to harness trends in digitalization and decarbonization as well as to secure quality development.

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