On Dec. 30, Chinese smartphone maker Huawei announced that the company has exited the “crisis status” it entered in response to the US sanctions enacted against it in 2019, with the telecom giant expecting total sales to reach RMB 636.9 billion ($91.8 billion) in 2022, essentially the same as its overall revenue in 2021. “2023 will be Huawei’s first year of a return to normal operations, despite ongoing US restrictions becoming the new normal,” Huawei’s rotating chairman Eric Xu said in an annual New Year’s message to employees. Xu revealed Huawei’s telecom infrastructure business had maintained steady gains in 2022 while its digital power and cloud units had achieved rapid growth. However, these new business units are not yet enough to offset the losses caused by US-imposed sanctions, with the Shenzhen-based tech giant still far from its record annual sales total of $120 billion, which it hit in 2020. Xu also noted that maintaining a high level of investment in R&D as well as ensuring product and service quality under the sanctions are top priorities for the company in 2023. [Caixin, in Chinese]