According to CNBC, Huawei reported a sharp rise in 2024 revenue driven by growth in its telecommunications and consumer businesses. Huawei's 2024 revenue rose year-on-year to its second-highest level ever, just below its record from 2020. The company is adjusting its business to cope with U.S. sanctions that limit access to critical technologies such as semiconductors. Huawei's chairwoman said the company overcame external challenges in 2024 by improving quality and efficiency and plans to invest in foundational technologies to pursue differentiated growth.
