Chinese tech giant Huawei said its 2018 sales surged above $100 billion (U.S.), though sales of network equipment were flat amid U.S. warnings to other governments that its telecom technology is a security risk. Guo didn’t respond directly to the British report’s criticisms but said Huawei will work with regulators to improve security. Huawei’s U.S. market evaporated after a 2012 congressional report labelled the company a security threat, but sales elsewhere grew rapidly. He expressed confidence 5G sales will take off this year. Guo said global sales for the first two months of 2019 rose by more than 30 per cent from a year earlier.

Source: thestar March 29, 2019 13:07 UTC