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Despite U.S. security concerns, Huawei’s profits increase by 25% in 2018

March 29, 2019

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While Huawei has been dogged by security concerns by the U.S. and other countries, China’s largest tech company posted a 25% increase in annual profit last year.

Huawei released its 2018 annual report Friday morning under the headline of “Bullish growth in the face of adversity.” Over the past year, the United States has been vocal about its concern that Huawei’s telecom gear, most notably its 5G networking equipment, could be used for espionage by China’s government.

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