SHENZHEN, China, March 29 Reuters China39;s Huawei Technologies HWT.UL saw its fastest growth in four years in 2023, with a rebound in its consumer segment and income from new businesses like smart car components accelerating its recovery from U.S. sanctions.

Revenue rose 9.63 from a year earlier to 704.2 billion yuan 97.48 billion, with the consumer business contributing most to that figure, growing 17.3 to 251.49 billion yuan.

While Huawei did not break down the consumer figure, the segment includes its handset business, which saw a renaissance last year as the company returned to the mainstream 5G smartphones market with the Mate 60, apparently overcoming U.S. restrictions.

From 2019, the U.S. has restricted Huawei39;s access to U.S. technology, accusing the company of being a security risk, which Huawei denies.

Last year marked the third consecutive year of growth for the company after revenue plummeted by almost a third in 2021 when the company started to exhaust chip reserves, though revenue remains below its 2020 peak of 891.3 billion yuan.

Huawei was relatively muted about its achievement, doing away with the press conference and launch event it has held every year at least since the U.S. restrictions began.

In a press release, rotating chairman Ken Hu said the results were in line with forecasts.

We39;ve been through a lot over the past few years. But through one challenge after another, we39;ve managed to grow.

At a launch event last year, Meng…