Huawei's sales drop 28.6% in 2021 amid U.S.-China rivalry
Updated: 2022-03-30 13:13:40 KST
The Chinese tech firm Huawei says it wants to expand its telecommunications projects in several countries including South Korea, as its global sales took a hit last year amid the tensions between Washington and Beijing.
In a press conference in Seoul on Tuesday, Huawei said that its sales revenue in 2021 dropped for the first time in nearly 20 years, falling 28.6 percent.
The decline was largely attributed to the global shortage of semiconductors, which affected the company's production of smartphones and PCs.
But Huawei also admitted that it's been impacted by geopolitical uncertainty, citing America's sanctions on Chinese technology.
It said it's going to work to overcome these difficulties through more R-and-D, and by broadening its businesses in countries including South Korea, Germany, Switzerland and Saudi Arabia.