Power up software section, reduce chip dependence and increase investment in autonomous driving: Huawei Rotating Chairman

At the 18th Global Analyst Summit in Shenzhen, Eric Xu, Huawei’s Rotating Chairman shared the company’s business performance in 2020 as well as a business strategy for the future.

Xu said Huawei’s 2020 business outcome met the expectations. On the other hand, he also mentioned the decline in the smartphone business but also praised the growth made by the notebook and tablet products, which helped the Chinese tech giant to maintain equal growth.

To make things better, Huawei has stepped in its efforts and increasing its R&D investment, which accounts for 15.9% of the sales revenue.

This year, Huawei will continue to make changes in the organization and will face new challenges as well as modifying strategies for future endeavors.

Talking of future strategies, Eric also said that first of all Huawei want to build industrial resilience. Therefore, Huawei will strengthen its software capabilities and invest more in businesses that are less reliant on advanced process techniques, as well as in components for intelligent vehicles.

For instance, the establishment of cloud field and pioneering the investment in other fields such as optical beside of communication. furthermore, the continued increase in investment in AI driving software is also crucial.

Eric stressed that Huawei will continue to increase its investment in Autonomous driving and promote the advancement as well as networking model of the automotive industry. This will bring long-term opportunities for the Chinese tech giant, and open new doors to the players who want to be a part of the automotive industry.