TAIPEI -- Huawei Technologies on Friday reported its biggest-ever decline in revenue, with its first half figure plunging more than 29% on the year due to a U.S. clampdown on the company's access to key chip supplies.
The Chinese tech champion said revenue for the first half reached 320.4 billion yuan ($49.56 billion). The company's net profit margin, however, improved to 9.8% from 9.2% in the same period last year.
