Huawei launches Mate 50 series, the first smartphones able to link with China’s BeiDou global satellite navigation system but lacking 5G due to US sanctions (Iris Deng/South China Morning Post)

Bloomberg:
Analysis: from January to September, Huawei’s net income fell 40% YoY to ~$3.8B, as US sanctions on its smartphones continue; Q3 revenue rose 6% YoY ~$20B  —  Huawei Technologies Co.’s net income fell about 40% in the first three quarters of this year as the Chinese telecom giant couldn’t revive …

David Simmons / Business News Australia:
Sydney-based Advanced Navigation, a developer of AI robotics and navigation technology, raised a $68M Series B led by KKR, bringing its total funding to $85M+  —  Moon-bound artificial intelligence robotics and navigation company Advanced Navigation has today announced the signing …

Bloomberg:
Sources: to evade US sanctions, Huawei is supporting PXW, a startup based in its hometown Shenzhen that ordered chipmaking equipment for a semiconductor plant  —  When the US government blacklisted Huawei Technologies Co. as a national security threat, it cut the Chinese company off …

Reuters:
A US judge dismisses an indictment against Huawei CFO Meng Wanzhou, formally ending a criminal sanctions case that strained US-China relations  —  A U.S. judge on Friday dismissed an indictment against Meng Wanzhou, the chief financial officer of Huawei Technologies Co [RIC:RIC:HWT.UL] …

Reuters:
Sources: Apple, Samsung, and Xiaomi express concerns over India’s home-grown GPS plan, arguing integrating the system would be costly and require new hardware  —  India is pushing tech giants to make smartphones compatible with its home-grown navigation system within months …

FinSMEs:
Swift Navigation, which makes high-accuracy GNSS hardware for advanced driver-assistance systems, raised a $100M Series D, bringing its total funding to $200M+  —  Swift Navigation, a San Francisco, CA-based tech company redefining GNSS, ADAS and autonomy, industrial machine control …