US sanctions cut Huawei profits by half in first quarter

The Chinese tech giant has 'yet again increased investment in R&D' to make up for technology losses

The first quarter of 2023 wasn't an easy one for Chinese tech giant Huawei, which saw its profits continue to plunge in the face of sanctions with sales largely stagnant, growing just 0.8 percent compared to the same quarter last year.…

from The Register