Huawei’s UK blacklist hammered Chinese telecommunications giant’s profits and sales, new figures reveal.
Accounts from the company’s UK subsidiary, Huawei Technologies, reveal the immediate impact of the government’s decision to ban it from the UK 5G mobile network, with orders collapsing.
Huawei has been one of the main targets in the trade war between the United States and China. Founded by People’s Liberation Army engineer Ren Zhengfei in an apartment in Shenzhen in 1987, it has grown into one of the world’s largest manufacturers of smartphones and telecommunications network kits.
Under Donald Trump, America led the West’s efforts to cripple Huawei by banning it from basic infrastructure and preventing American companies from supplying it with chips and other technology. Last year Boris Johnson relented