Huawei vows to 'shake off' pressure as network business takes a hit

Guo Ping Huawei's rotating chairman speaks during the company's annual report

Enlarge Image Guo Ping Huawei's rotating chairman speaks during the company's annual report. Getty Images

After years of being told that it was a national security threat by US lawmakers anxious that the communist Chinese government will force the company to gather intelligence for it, Huawei has had enough.

Huawei reported a slower pace of profit growth for 2018 as its network business saw its first drop in revenue in two years, overshadowing a robust 45 percent jump in its smartphone unit. Last year, the company's sales rose by 19.5 percent compared to 2017, to around $106 billion. Carrier technology division revenue fell With the U.S. pushing to have Huawei 5G technology banned by European and other countries the carrier technology division dropped revenues by some 1.3 percent. "It will enable broader connectivity. that will create huge opportunities", said Guo Ping, Huawei's rotating chairman, at a media briefing on Friday. Including installing backdoors on their products. "Through heavy, consistent investment in 5G innovation, alongside large-scale commercial deployment, Huawei is committed to building the world's best network connections".

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"I hope the USA can adjust its attitude", Guo said at a press briefing that was attended by more than 100 journalists from across the world. The report said the board can only provide "limited assurance" that all national security risks stemming from Huawei's involvement in local networks can be "sufficiently mitigated long term". In a counter move, Huawei filed a lawsuit last month over the federal employee ban on their products. And countries that choose to work with Huawei will gain an advantage for the next wave of growth in the digital economy. "They want to smear Huawei because they are unable to compete in certain domains", said Mr Guo.

These results come even as the world's largest telecoms manufacturer is facing increasing global pressure amid claims led by the United States that Beijing could use its equipment for spying.

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Huawei hit back at Washington earlier this month by suing the United States over a law barring U.S. government agencies from engaging with Huawei or with third parties that use the company's products, which has crippled Huawei in that lucrative market.

Huawei said its products and services are available in more than 170 countries and regions. The company says it already has shipped more than 40,000 5G base stations to customers.

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