Huawei's financial results: Despite continued US regulations, profits increased significantly by 2.4 times compared to the previous year. Huawei has been struggling in its mainstay smartphone business due to semiconductor export restrictions imposed by the U.S.
government. Last year it released a new product equipped with Chinese-made semiconductors and said to have improved communication performance. As a result, sales of businesses such as smartphones increased by more than 17% compared to last year. In addition, sales in the automobile-related business increased approximately 2.3 times, boosting profits.