Huawei is a Chinese multinational technology company that specializes in telecommunications equipment, consumer electronics, and enterprise networking solutions. In 2018, Huawei's revenue reached $107.1 billion, up from $92.5 billion in 2017. The company also announced that it had shipped more than 200 million smartphones in 2018, which represented a 30% increase from the previous year.
However, despite its successes, 2018 was also a challenging year for Huawei. The company faced mounting political pressure from various countries, including the United States and Australia, who raised security concerns regarding Huawei's involvement in their respective 5G networks. The US government also imposed strict sanctions on the company in May 2018, prohibiting American companies from doing business with Huawei. This move had a significant impact on Huawei's plans for expansion in the US market and also disrupted the global supply chain of some of its key products.
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