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China tech

Huawei pivots to renewable energy as smartphones slump

U.S. sanctions force Chinese company to pursue solar power and storage projects

Huawei Technologies will build an energy storage system at the Red Sea Project, a massive tourism complex under construction on the coast of Saudi Arabia. (Photo courtesy of Red Sea Development Co.)

GUANGZHOU/BARCELONA -- Chinese telecommunications hardware provider Huawei Technologies has turned to solar power and energy storage projects as its smartphone business struggles under U.S. sanctions, but the company's ability to return to growth remains uncertain.

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