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VisitWhat will Huawei's market share in the global telecom equipment industry be by the end of 2024?
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Industry reports from sources like IDC, Gartner, or Huawei's official reports
Huawei 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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