Huawei CEO says it is 'back to business as usual' as U.S. restrictions lose their bite

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Huawei reported a year-over-year gain in revenue this year (a very slight increase) improving on last year's 30% annual drop.

on the entity list which prevents the company from accessing its U.S. supply chain including Google. This forced the company to develop its own HarmonyOS operating system and the Huawei Mobile Services ecosystem. The following year, the U.S. changed an export rule that twisted the knife in Huawei's back; chip foundries using American tech to manufacture chips were no longer allowed to ship these key components to Huawei.

As a result of the U.S. bans, the company could not replenish its supply of the Kirin chips that were designed in-house by the firm's HiSilicon unit. As it stands today, the company has permission to use Qualcomm's Snapdragon chips modified to work with 4G signals but not 5G. A case sold for the Mate 50 Pro does allow that model to have 5G connectivity.

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