Huawei obtains $2.25 billion loan from Chinese lenders

The borrowing comes as spending on chips for artificial intelligence projects rises, according to Bloomberg, which cited a person familiar with the matter. Quartz reports that the seven-year yuan loan involves six Chinese lenders and marks Huawei's first offshore syndicated borrowing since 2020, ending a gap of several years.

• Bloomberg puts the loan's value at 15 billion yuan.

Covered by 3 publishers within 20 hours of the first report.

• Quartz: Huawei secured $2.25 billion offshore loan from Chinese banks as AI chip spending rises
• Latest 11:29 PM ET DigiTimes: Mounting R&D and memory costs push Huawei to borrow US$2.3B from six Chinese banks

Reporting3

BL Bloomberg Huawei Gets $2.3 Billion Offshore Loan as Chip Spending Soars · Apple Ka Ying Li 3:30 AM

QZ Quartz Huawei secured $2.25 billion offshore loan from Chinese banks as AI chip spending rises · Cris Tolomia 7:40 AM

DT DigiTimes Mounting R&D and memory costs push Huawei to borrow US$2.3B from six Chinese banks · DIGITIMES 11:29 PM

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Topics Huawei