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Huawei Gets $2.3 Billion Offshore Loan as Chip Spending Soars

Bloomberg Technology Thursday 22 October 2026, 07:30 UTC By Apple Ka Ying Li 1 min read
Key Points

EXCLUSIVE Huawei Gets $2.3 Billion Offshore Loan as Chip Spending Soars Huawei Technologies Co. has secured a 15 billion yuan ($2.25 billion) loan from Chinese banks, according to a person familiar with the matter, as spending on chips to power artificial intelligence related projects soars. The seven-year offshore yuan denominated loan was provided by six Chinese lenders, including Bank of China Ltd., China Construction Bank Corp. and Industrial & Commercial Bank of China Ltd., the person...

EXCLUSIVE Huawei Gets $2.3 Billion Offshore Loan as Chip Spending Soars Huawei Technologies Co. has secured a 15 billion yuan ($2.25 billion) loan from Chinese banks, according to a person familiar with the matter, as spending on chips to power artificial intelligence related projects soars. The seven-year offshore yuan denominated loan was provided by six Chinese lenders, including Bank of China Ltd., China Construction Bank Corp. and Industrial & Commercial Bank of China Ltd., the person said, asking not to be identified discussing private matters. The proceeds will be used for general corporate purposes, the person added.
Huawei (ORG) Huawei Technologies Co. (ORG) Chinese (ORG) Bank of China Ltd. (ORG) China Construction Bank Corp. (ORG) Industrial & Commercial Bank of China Ltd. (ORG)
Originally published by Bloomberg Technology Read original →

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