TechCentralTechCentral
    Facebook Twitter YouTube LinkedIn
    Facebook Twitter LinkedIn YouTube
    TechCentral TechCentral
    NEWSLETTER
    • News

      New Openview channels coming as platform turns profitable

      27 May 2022

      Wapa’s Paul Colmer on why Icasa should open up 6GHz for Wi-Fi

      27 May 2022

      How Broadcom’s blockbuster VMware deal happened

      27 May 2022

      The cost for South Africa to quit its coal habit: R4-trillion – study

      26 May 2022

      Apple is feeling the smartphone industry chill

      26 May 2022
    • World

      Musk sued by Twitter investors for stock ‘manipulation’

      27 May 2022

      Broadcom agrees to buy VMware for $61-billion

      26 May 2022

      Musk pledges more equity to fund Twitter deal

      26 May 2022

      Sony looks beyond the console to PC and mobile gaming

      26 May 2022

      Andreessen Horowitz raises world’s largest crypto fund

      26 May 2022
    • In-depth

      Bernie Fanaroff – the scientist who put African astronomy on the map

      23 May 2022

      Chip giant ASML places big bets on a tiny future

      20 May 2022

      Elon Musk is becoming like Henry Ford – and that’s not a good thing

      17 May 2022

      Stablecoins wend wobbly way into the unknown

      17 May 2022

      The standard model of particle physics may be broken

      11 May 2022
    • Podcasts

      Spectrum auction opens up big growth opportunities – Ruckus Networks

      26 May 2022

      Everything PC S01E03 – ‘The story of Intel – part 1’

      25 May 2022

      The rewarding and lucrative careers to be had in infosec

      23 May 2022

      Dean Broadley on why product design at Yoco is an evolving art

      18 May 2022

      Everything PC S01E02 – ‘AMD: Ryzen from the dead – part 2’

      17 May 2022
    • Opinion

      A proposed solution to crypto’s stablecoin problem

      19 May 2022

      From spectrum to roads, why fixing SA’s problems is an uphill battle

      19 April 2022

      How AI is being deployed in the fight against cybercriminals

      8 April 2022

      Cash is still king … but not for much longer

      31 March 2022

      Icasa on the role of TV white spaces and dynamic spectrum access

      31 March 2022
    • Company Hubs
      • 1-grid
      • Altron Document Solutions
      • Amplitude
      • Atvance Intellect
      • Axiz
      • BOATech
      • CallMiner
      • Digital Generation
      • E4
      • ESET
      • Euphoria Telecom
      • IBM
      • Kyocera Document Solutions
      • Microsoft
      • Nutanix
      • One Trust
      • Pinnacle
      • Skybox Security
      • SkyWire
      • Tarsus on Demand
      • Videri Digital
      • Zendesk
    • Sections
      • Banking
      • Broadcasting and Media
      • Cloud computing
      • Consumer electronics
      • Cryptocurrencies
      • Education and skills
      • Energy
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Motoring and transport
      • Public sector
      • Science
      • Social media
      • Talent and leadership
      • Telecoms
    • Advertise
    TechCentralTechCentral
    Home»Sections»Consumer electronics»Huawei to pivot its business as US sanctions bite

    Huawei to pivot its business as US sanctions bite

    Consumer electronics By Agency Staff12 April 2021
    Facebook Twitter LinkedIn WhatsApp Telegram Email

    Chinese telecommunications equipment maker Huawei Technologies is making business resilience its top priority with a push to develop its software capabilities as it seeks to overcome US restrictions that have devastated its smartphone business.

    Huawei was put on an export blacklist by former US President Donald Trump in 2019 and barred from accessing critical technology of US origin, affecting its ability to design its own chips and source components from outside vendors.

    The ban put Huawei’s handset business under immense pressure.

    The company harbours ‘no expectation’ of being removed from the Entity List under the administration of US President Joe Biden

    The company harbours “no expectation” of being removed from the Entity List under the administration of US President Joe Biden, and is now looking to develop other lines of business after spending the last year in survival mode, the company’s rotating chairman Eric Xu said on Monday.

    “We cannot develop our strategy based on either a groundless assumption or on unrealistic hopes, because if we do that, and if we cannot be taken off from the Entity List, it’s going to be extremely difficult for the company,” Xu said in a Q&A on the launch of the company’s annual summit for analysts.

    Taking on Tesla

    The company will invest more in businesses that are less reliant on advance process techniques, Xu said, highlighting the company’s intelligent driving business, in which he said the company would invest more than US$1-billion this year. The company’s autonomous driving technology allows cars to travel over 1 000km, overtaking Tesla in that area, Xu said.

    He said Huawei was working with three domestic car makers on sub-brands that will be designated “Huawei Inside” models. In February, Reuters reported that Huawei planned to make electric vehicles under its own brand, which Huawei denied.

    Xu said that US action against Huawei had damaged trust across the semiconductor industry, and contributed to global chip shortages as Chinese companies rushed to stockpile three to six months worth of semiconductors last year, fearing similar action against them.

    Huawei’s Eric Xu

    The combined demand from the Chinese market for chip supplies that are not affected by US rules or which could be compliant with US rules would lead companies to invest in chips and also eventually supply Huawei, Xu said. “If that can be done, and if our inventory level can help Huawei to last to that time, then that will help us to address the problems and challenges we face.”

    Xu also said the global roll-out of 5G telecoms networks had “exceeded expectations”.

    Last year, the company saw a modest 3.2% rise in its annual profit as overseas revenues declined due to pandemic-related disruption and the impact of the US sanctions, it said last month.  — Reported by David Kirton, (c) 2021 Reuters

    Now read: Huawei to demand 5G royalties from other smartphone makers

    Eric Xu Huawei Joe Biden Tesla top
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email
    Previous ArticleApple working on combined set-top box, smart speaker system
    Next Article Microsoft makes its biggest acquisition since LinkedIn

    Related Posts

    New Openview channels coming as platform turns profitable

    27 May 2022

    Wapa’s Paul Colmer on why Icasa should open up 6GHz for Wi-Fi

    27 May 2022

    Musk sued by Twitter investors for stock ‘manipulation’

    27 May 2022
    Add A Comment

    Comments are closed.

    Promoted

    Financial advisers: manage your commission and analyse revenue effortlessly

    27 May 2022

    BT, MTN Business form strategic alliance in Africa

    26 May 2022

    Think like a start-up: how to build a competitive digital enterprise

    26 May 2022
    Opinion

    A proposed solution to crypto’s stablecoin problem

    19 May 2022

    From spectrum to roads, why fixing SA’s problems is an uphill battle

    19 April 2022

    How AI is being deployed in the fight against cybercriminals

    8 April 2022

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2022 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.