Huawei targets significant revenue despite US sanctions

In defiance of US sanctions, Huawei aims to achieve approximately $100 billion in revenue in 2023.

Huawei targets significant revenue despite US sanctions

In his New Year’s address, Huawei's rotating chairman, Hu Houkun, conveyed a message filled with resilience and optimism. He announced that after years of challenges in the global market, Huawei has managed to stabilize, with its operations “basically returning to normal.” This return to form is underscored by an impressive forecast for 2023, where Huawei expects its sales revenue to surpass CNY 700 billion (approximately USD 99 billion). This significant financial milestone is a testament to Huawei's dedication to innovation and its commitment to customer service.

Hu Houkun, in his speech, highlighted several key achievements for Huawei in 2023. The company's core business, its ICT infrastructure, has remained robust, providing a strong foundation for overall growth. Despite facing continuous challenges, Huawei's terminal business, including its smartphones and other consumer electronics, has exceeded expectations. Furthermore, Huawei's investments in the digital energy and cloud business sectors have shown promising growth. In the electric vehicle market, Huawei has made notable advancements with its smart car solutions, which have significantly improved in competitiveness.

Huawei targets significant revenue despite US sanctions

Expressing gratitude, Houkun thanked all those who contributed to Huawei's success, including customers, partners, employees, and their families. He stressed the importance of a shared belief that has helped the company navigate through tough times and continue moving forward.

Despite acknowledging the challenges that geopolitical uncertainties and economic fluctuations pose, Hu Houkun shared Huawei's vision for the future. He emphasized the company's focus on digitalization, intelligence, and low-carbonization as the key drivers for growth moving forward.

Looking ahead to 2024, Huawei is set to focus on several key areas. The company plans to continue investing in advanced technologies like large language models and high-performance computing to spur innovation and growth. Huawei aims to establish a world-class computing infrastructure to support its digital initiatives. Maintaining the quality and security of its products and services will remain a priority. In addition, Huawei intends to strengthen its collaborative ecosystem through partnerships and streamline its organizational structure. Emphasizing leadership development, Huawei aims to prepare its leaders to meet future challenges effectively.