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Huawei Gets $2.3 Billion Offshore Loan as Chip Spending Soars
Source: Bloomberg
Artificial IntelligenceBanking & LiquidityCredit & Bond MarketsCompany Fundamentals
Huawei secured a 15 billion yuan ($2.25 billion) loan from Chinese banks, according to a person familiar with the matter. The financing comes as the company’s spending on chips for AI-related projects soars; no loan terms or market reaction were reported.
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