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Huawei H1 profit drop quickens to 36% on rising costs, R&D spending - The Economic Times
The Chinese technology company said net profit for January to June fell to 23.81 billion yuan ($3.54 billion), accelerating from a 32% drop in the same period a year earlier, while revenue rose 9.6% to 467.82 billion yuan, as it continued to recover from US sanctions.
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scmp.com
Huawei ploughs 25% of revenue into research, as R&D spending hits US$18 billion
Revenue in first half rose 9.55 per cent to 467.8 billion yuan, bolstered by a strong rebound in smartphones and demand for AI chips.
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Huawei pours a quarter of revenue into research amid US-China chip war
Revenue in first half rose 9.55 per cent to 467.8 billion yuan, bolstered by a strong rebound in smartphones and demand for AI chips.
