Huawei revenue rises 9.55 per cent in H1 2024

Shenzhen (ANTARA) - Chinese technology giant Huawei recorded revenue of 467.82 billion yuan (1 yuan = Rp2,634) in the first half (H1) of this year, representing a 9.55 per cent increase year-on-year, according to the company’s semi-annual report released on Monday (31/8).

From January to June, the company’s research and development (R&D) expenditure surged to 121.38 billion yuan, reaching a record high for the same period.

This R&D expenditure rose by 25.2 per cent compared to the previous year, accounting for 25.94 per cent of total revenue.

In a separate statement published earlier, Huawei stated that it will continue to increase R&D investment in key strategic areas, including connectivity, computing, cloud, terminal devices, intelligent driving, and artificial intelligence (AI).

The company pledged to integrate AI and security capabilities into every product and network to sharpen its core competitiveness.