In a significant year for Huawei Technologies Co., the company’s revenue soared by 9% in 2023, nearing a $100 billion milestone, following a surprising breakthrough in chip technology that challenged Apple Inc. (NASDAQ:AAPL) and U.S. sanctions. What Happened: According to a Bloomberg report, Huawei’s revenue soared to over 700 billion yuan ($98.7 billion), driven by a thriving smartphone sector and robust 5G equipment sales. This represents the highest growth rate in recent years. Quarterly revenue increased by 27%, hitting 243.4 billion yuan, marking a significant upturn from the marginal ris…
