Huawei resists the blockade: how to increase profits by 30%

This growth means a slowdown compared to 39% that the Asian company had shown at the end of the first quarter of the yearbut shows considerable growth compared to 2018, said the Bloomberg agency.

In mid-May, the US government incHuawei looked at the list of entities of the Ministry of Commerce, a "blacklist" that prevents you from buying components for your equipment from American companies.

According to Bloomberg, part of the growth is due to the fact that Chinese company was able to obtain critical supplies to maintain the production line despite the ban of the United Stateswhich has blocked the ability to buy chips from companies such as Intel, Micron and Qualcomm, or Google software.

Another part is the increase in revenue from fifth-generation mobile Internet network equipment contracts, 5G.

Huawei is the world's second-largest supplier of smartphones and the leading manufacturer and exporter of telecommunications equipment, in which it is a world leader.

For more than a year, Chinese society has been at the center of an international government government campaign. Donald Trump, which is trying to ensure that its European allies forbid Huawei to participate in the development of 5G networks with the argument of national security.

Your inclusion in the "blacklist" Comercio generates tension in the United States, where Asian society spends billions of dollars in supplies and is one of the major buyers of advanced technologies.

That's why the leaders of seven technology giants (Google, Intel, Cisco, Qualcomm, Micron, Broadcom and Western Digital) met with Trump and asked him to make a quick decision on the commercial activity of Huawei in the country, according to the Chamber. Blanca in a statement.

The meeting took place at a time when technology companies are pushing Trump to keep the promise he made at the summit of G20 and lift the ban imposed on Huawei to buy chips.