Huawei holds steady growth in the 2020 challenge with new targets

Huawei’s booth can be seen at Mobile World Congress in Shanghai, China, February 23, 2021. / Reuters

Huawei’s booth can be seen at Mobile World Congress in Shanghai, China, February 23, 2021. / Reuters

Chinese telecom equipment giant Huawei Technologies saw some revenue and profit growth and huge levels of consumer confidence despite “incredible difficulties,” rotating chairman Ken Hu said at the Mobile World Congress in Shanghai on Tuesday.

Hu said Huawei’s activity was relatively stable, with partners continuing to support the company despite last year’s difficulties.

Huawei is struggling under U.S. sanctions but has denied it is a security threat as the U.S. government claims.

The company was blacklisted for export in 2019 by former U.S. President Donald Trump and barred from accessing key technology of U.S. origin, undermining the power of the US. company to design its own chips and source parts from global vendors.

Huawei on Monday unveiled its new flexible 5G Mate X2 phone. The new model uses its own Kirin 9000 proprietary processor.

Huawei’s 5G Mate X2 folding phone. / Reuters

Huawei’s 5G Mate X2 folding phone. / Reuters

Meanwhile, Huawei has embarked on a self-sufficiency plan to diversify from its smartphone business, hoping to reduce its reliance on U.S. chips.

The company is leveraging some new industries including coal mining, music streaming and even pig farming with its high-tech solutions.

In fact, Huawei founder Ren Zhengfei said earlier this month that the company’s 5G-backed mining system could reduce coal workers by 60 percent and turn them into operators.

The company continues to upgrade its operating systems and automate its chips for devices as well as smartphones. According to market researcher Canaly, Huawei smartphone carriers fell 42 percent in the last quarter after the U.S. cut off their chip supply.

Edgar Perez, keynote speaker and author on financial technology and artificial intelligence. / CGTN

Edgar Perez, keynote speaker and author on financial technology and artificial intelligence. / CGTN

Edgar Perez, a leading global speaker and author on financial technology and artificial intelligence, told CGTN that Huawei has grown into a world-renowned smartphone company with a good reputation from customers.

“Huawei will win the battle in the future after a reset to avoid products containing U.S. technology,” he said, suggesting that Huawei’s “self-confidence” program should be target it with the emergency technology, such as 5G and smart cities.

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