Huawei Q1 sales drop 16.5pc

29 April, 2021 12:00 AM printer

BEIJING: Chinese telecoms giant Huawei said Wednesday that first-quarter revenue tumbled after harsh US sanctions ripped into its phone business.

Huawei has been at the centre of intense US-China trade and technological rivalry in recent years and the Trump administration accused it of potential espionage on behalf of Beijing without providing hard evidence.

As a result, it was placed by Washington on a 2019 blacklist that prevented it from acquiring US-made technology crucial to its operations, in particular chips, reports AFP.