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Huawei crackdown

Huawei logs first annual sales drop in 2021 amid U.S. crackdown

Revenue falls 28.8% to $99.4bn; chief tells staff path ahead will be challenging

Huawei's current chairman, Guo Ping, said in a New Year's statement on the morning of Dec. 31 that the path ahead will be challenging.   © Reuters

TAIPEI -- Huawei Technologies suffered a nearly 29% decline in revenue for 2021, the first full-year drop the Chinese tech champion has ever reported, as it continues to battle a long U.S. clampdown that has blocked its use of American technologies.

Huawei's rotating chairman, Guo Ping, said revenue for 2021 reached 634 billion yuan ($99.43 billion), down 28.8% from the 891.4 billion it made a year ago. In 2020, Huawei's revenue grew 3.8%.

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