DeepSeek Fuels Return to Profit for Chinese Tech Champion Huawei
Huawei Technologies Co. posted a first-half profit, getting back into the black after the emergence of DeepSeek ignited a wave of AI development across China.Net profit fell 32% to 37.1 billion yuan ($5.2 billion) from January to June, the Shenzhen-based company said in a filing. But that reversed a surprise fourth-quarter loss, when China’s national tech champion spent aggressively on chips and EV technology. Revenue rose 3.94% to 427 billion yuan, according to a statement posted to the Beijing...
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