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VisitHuawei Thrives Despite U.S. Sanctions, Gains Strength with Beijing's Support Over Five Years
Jul 30, 2024, 03:31 PM
The U.S. aimed to limit Huawei through sanctions, but the Chinese telecom giant has become stronger. Initially struggling under U.S. sanctions, Huawei received support from Beijing, allowing it to thrive. Top U.S. officials, including Trump and Biden, clarified their goal was not to kill Huawei but to limit its capabilities. Huawei's resurgence, five years after the sanctions, is attributed to the massive closed Chinese market, which has helped it flourish. In a public speech last year, Ren, a Huawei executive, highlighted that U.S. actions have turned a major supporter into a detractor. U.S. export controls are expected to impede Chinese innovation only in the short term, with a long-term focus needed on improving U.S. innovation.
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Markets
No • 50%
Yes • 50%
Official announcements from Huawei and the involved country
No • 50%
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Huawei's sales reports and industry analysis
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No • 50%
Huawei's official financial statements and reports
Enterprise solutions • 25%
Telecom equipment • 25%
Other • 25%
Consumer electronics • 25%
Huawei's official financial statements and reports
4th place or lower • 25%
3rd place • 25%
1st place • 25%
2nd place • 25%
Industry reports from sources like IDC, Gartner, or Huawei's official reports
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Industry reports from sources like IDC, Gartner, or Huawei's official reports