Huawei's Q1 revenue grows 39% to $36b amid heightened US pressure

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In smartphones too, the first quarter shows Huwaei shipped 59 million smartphones, per a press release.

Chinese tech giant Huawei said Monday its revenue rose 39 per cent over a year earlier in the latest quarter despite USA pressure on allies to shun its telecom technology as a security risk.

Huawei gave no quarterly earnings but said its profit margin was eight per cent.

The unaudited figures gave only limited financial information but suggested that allegations by the U.S. were not stunting growth at the world's biggest telecoms equipment maker, which was...

The next seasons will see large-scale development of 5G technology.

Chinese tech giant Huawei will open a 5G technology lab in South Korea in an apparent bid to collect data in a country which has moved aggressively to establish a nationwide 5G network for the first time in the world. It also shipped more than 70,000 5G base stations, and is expecting this number to grow to 100,000 by May. Li Jie, and Regional President of the company in North African Robinson Tsai, in the presence of CEO of Huawei Egypt Vincent Sun. While the USA government has long insisted Huawei poses a national security threat, has banned federal agencies from using its technology, and has reportedly been pushing allies not to let the company build out their infrastructure for next-generation 5G wireless networks, it hasn't presented hard evidence.

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As China and the United States battle to control 5 G networks, USA intelligence has claimed that Chinese state agencies have funded Huawei, one of the world's leading telecom technology firms.

A supervisory board in the United Kingdom pointed out possible security risks in Huawei's equipment. It has risen as a huge supplier of technology for superfast 5G networks.

The U.S. has actually tried to force other allied countries like Germany and the U.K.to block Huawei from 5G, but neither country agreed.

In a report in The Times, an unnamed source says that the CIA has been in contact with United Kingdom intelligence officials to say that the Chinese company has received funding from three different branches of China's state security network.

Finally, Huawei set a historic precedent as being the first company to build a 5G telematics module for cars.

"As an important communication product for future intelligent vehicle transportation, this 5G auto module will promote the automotive industry to move towards the 5G era".

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