Chinese vendor Huawei Technologies estimated that its 2022 revenues remained flat compared to the previous year, despite continued sanctions by the U.S. government.
“U.S. restrictions are now our new normal, and we’re back to business as usual,” Huawei’s rotating chairman Eric Xu said in a message to employees and media.
Xu said that the vendor’s overall revenue for 2022 is expected to be in line with its forecast, reaching CNY636.9 billion ($92.6 billion) compared to CNY636.8 billion in 2021.
