Chinese telecommunications equipment vendor Huawei technologies has again managed to record an annual profit despite the US sanctions it faces, with the company announcing a 64.6 billion yuan (A$12.98 billion) profit for 2020, an increase of 3.2% year-on-year. Revenue was 891.4 billion yuan, an increase of 3.8% on the previous year.
The Dutch company ASML, the biggest manufacturer of lithography equipment for making semiconductors, has extended a deal with Semiconductor Manufacturing International Corporation, China's biggest chip maker, according to a short statement issued on Wednesday.
The number of Huawei smartphones manufactured this year will be between 70 million and 80 million units, the website Nikkei Asia reports, adding that this would be about a 60% decline from the 189 million units made in 2020.
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