The United States government is determined to try and hamper the Chinese tech giant Huawei’s efforts to become the dominant player in next-generation 5G mobile connectivity, AI, and other technologies. In May, Washington added the company to its so-called “entities list” that effectively cut off the Shenzhen-based company from accessing key U.S. suppliers including Google’s Android operating system and American-made semiconductor chips.
While the sanctions have no doubt impacted the company, they haven’t derailed its growth in any substantive way. Huawei’s first-half revenue increased by 13% this year in spite of the U.S. crackdown.