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.
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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.
The errant container ship that blocked the Suez canal this week has cut off a route that handles more than 10% of international trade. It’s a reminder that even an advanced civilisation like ours has points of acute vulnerability.
China’s Xiaomi plans to make electric vehicles using Great Wall Motor’s factory, said three people with direct knowledge of the matter, making it the latest tech firm to join the smart mobility race.
Huawei Technologies will begin charging mobile giants like Apple a “reasonable” fee for access to its trove of wireless 5G patents, potentially creating a lucrative revenue source.
China has blasted US President Joe Biden’s administration for imposing new restrictions on national tech champion Huawei Technologies, saying the US “isn’t a reliable country that is to be trusted”.
The Biden administration this week amended licences for companies to sell to China’s Huawei Technologies, further restricting companies from supplying items that can be used with 5G devices, sources said.