Huawei will grow despite international sanctions

Significance The model made Huawei the first company to release a foldable smartphone with two hinges. Despite being placed on the US trade blacklist in 2019, Huawei has continued to innovate by manufacturing its own advanced 5G and processor chips domestically. Yet the ongoing sanctions cast doubts on the company’s future. Impacts Huawei’s post-sanctions move into patent licensing has expedited and will continue to speed up the dissemination of Chinese technologies. Huawei will consolidate its role as a central pillar for a range of supply and innovation chains. Huawei will attempt to grow novel sources of revenue, including through its Harmony OS operating system and its smart vehicle subsidiary.