Huawei has felt the continuing effects of U.S. sanctions and the global coronavirus pandemic which led to its slowest first half growth rate since 2013.
The Chinese technology giant reported revenue of 454 billion yuan or $64.23 billion, according to the exchange rate on the company's earnings release.
Huawei reported a sharp slowdown in growth for the first half of 2020 as the company continued to see the impact of U.S. sanctions and the globalMeanwhile, the Chinese technology giant is also awaiting a decision, expected to be delivered on Tuesday, by the U.K. government on whether it will be allowed to participate in the country's 5G networks.
While Huawei managed to maintain growth in its consumer division in the first half of 2020, its largest business by revenue, it did so by increasing its focus on the China market.Washington's introduced a new rule
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