Huawei Technologies’ quarterly earnings shrank for a second straight quarter after US sanctions devastated the embattled Chinese tech giant’s smartphone business.
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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.
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.