Huawei
Huawei Chairman expects business to recover amid U.S. ban
On July 15, 2024, Huawei Consumer Business Group Chairman Yu Chengdong held a live stream with Dong Yuhui (Influencer). During his interview, he revealed how Huawei went through tough times due to U.S. ban but didn’t lose hope to recover its business.
The Chairman said that the company has dealt with incredibly difficult days. After Huawei was blacklisted by the U.S. government for being a “security risk”, it faced many challenges in both the native regions as well as the global smartphone market.
Regardless a global 5G leader, the company has been even banned from using 5G chips for its own handsets. The Huawei smartphone business slowed down following export trade restrictions on chipmaking tools and other advanced equipment.
Yu further said that there was a time when the company sold only 20 million units per year. It was so as Huawei didn’t have better techs or chip tools back in 2022.
“My team wasn’t able to start operations. As the global leader in 5G technology, we didn’t even have 5G phones ourselves. Our days were incredibly difficult” – says Yu Chengdong.
In 2019, the Chinese tech giant sold around 240 million units of smartphones globally. However, that same year, the U.S. imposed sanctions on the company, which led to a drop in its smartphone business. The ban’s impact on the company is still visible.
Chip war between the U.S. and China (Image Credits: Reuters)
Although Huawei Chairman expects its business to recover amid the U.S. ban. The company is constantly making efforts to rejuvenate its smartphone business in both China and global markets. In this case, Mate 60 Pro appears as a turning point.
Huawei introduced Mate 60 Pro with Kirin 5G chipset last year. Since then, the company didn’t stop new Kirin chips production. Pura 70 Ultra is another example that runs on Kirin 9010 chip and this trend will probably continue with Mate 70 flagship.
Yu Chengdong also said that Huawei phones and other products are contributing to China’s growth. Consumers purchasing these devices also play a role in lifting China’s electronics supply chain and reducing the country’s dependency on foreign goods.
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Huawei could raise the smartphone shipment bar in China to 50 million units this year, as per analysts. To do so, the company is trying its best in every way. Whether it’s HarmonyOS software capabilities or the new R&D Center establishment in Shanghai.
It would be worth seeing how Huawei takes on new achievements amid U.S. restrictions and several trade challenges.
Huawei Chairman expects business to recover amid U.S. ban (Image Credits: Weibo)
[Source – SCMP]