Xiaomi and the US government have reached an agreement to set aside a Trump administration blacklisting that could have restricted American investment in the Chinese smartphone maker.
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Huawei is in talks to take control of a Chinese car maker’s electric vehicle unit, two people said, in what is seen as a strategic shift for the world’s largest telecommunications equipment maker.
Huawei Technologies’ quarterly earnings shrank for a second straight quarter after US sanctions devastated the embattled Chinese tech giant’s smartphone business.
Huawei said on Thursday that the Chinese technology giant will expand its cloud computing presence in South Africa, with a new “availability zone” to be built in Cape Town in the next year or two.
Promoted | The Huawei IdeaHub, has transformed the whiteboard into a platform for true intelligent collaboration, not only in offices, but for a range of sectors including education, healthcare and government.
China’s Huawei 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.
The US added seven Chinese supercomputing firms to a list of entities banned from receiving exports from American companies, citing activities contrary to the national security interests of the US.
Huawei Technologies’ quarterly revenue shrank for the first time on record, reflecting the devastating impact of US sanctions on China’s largest technology company.
China’s Huawei Technologies reported modest annual profit growth for 2020 as overseas revenues declined due to disruption caused by the pandemic and the company’s placement on a US export blacklist.
Xiaomi plans to invest about $15.3-billion over the next three years to manufacture electric cars, embarking on its biggest-ever overhaul to enter China’s booming EV market.