R&D investment pays off for Huawei as it reports robust first-half results
Huawei Technologies Co's robust half-year financial performance highlights the tech company's resilience amid US government restrictions and showcases how consistent investment in research and development can help it better withstand headwinds, analysts said on Monday.
The latest financial data from Huawei also sharply contrasted with that of Qualcomm Inc which saw a revenue decline in the second quarter due to poor performance in China, a market the US tech giant heavily relies on, they added.
Xiang Ligang, director-general of the telecom industry association Information Consumption Alliance, said that although Washington banned the use of Huawei's telecom products in US 5G network construction and restricted it from buying crucial US components and technologies, most of Huawei's business continued as normal.
