Saturday, July 2, 2022
728x90-EN-BENEFIT-SEASON
Bitdefender WW

Huawei founder believes the company is stronger than ever despite US sanctions

- Advertisement -

Huawei Technologies Co. has suffered much from various bans and sanctions imposed on the company by the US. It has completely lost its smartphone market and fallen from its ultimate height. However, the company has learned from years of suffering and has now gained strength enough and is now ready to pay more for talent, aiming to lead the race in next-generation telecom technologies after 5G.

This latest statement came from the company’s founder and Chief Executive Officer Ren Zhengfei when he was having an internal discussion last month. The founder also dismissed the notion that the U.S. blacklist has defeated the Chinese telecommunications giant. “There has been no chaos within the company. Instead, the company is now more united than ever, and has even attracted more talent.”

However, looking at Huawei’s recent financial results one can only say that despite having a positive attitude, the company is pretty much struggling. The Shenzhen-based company has posted a 38% decline in sales in the second quarter, which is also the company’s sharpest revenue drop since Washington cut it off from key chipsets and American technologies from semiconductor design tools to Google’s latest Android system for smartphones.

In July however, the company managed to secure a major 5G equipment procurement deal from a top Chinese telecom operator suggesting that the company, despite many sanctions and setbacks is still strong in its core telecom gear business.

It also released a marquee smartphone but failed to arm it with fifth-generation, or 5G, capabilities due to lack of chip supply. It has since then been trying to find a new source of profit to maintain operations and is seeking to create new businesses in smart mining and electronic vehicles.

728x90-EN-BENEFIT-SEASON

In its effort to stay afloat the company has even sold its smartphone brand, Honor, to a Chinese consortium last year for an unspecified amount. However, the founder of the company puts his faith in the company’s research team to help Huawei recover from what may be the strongest sanctions the U.S. has ever placed on a single company.

“Built on this R&D system, we will not only lead the world in 5G, more importantly, but we will also aim to lead the world in wider domains.”

source

- Advertisement -
spot_img
Nivedita Bangari
Nivedita Bangari
I am a software engineer by profession and technology is my love, learning and playing with new technologies is my passion.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles

Bitdefender WW

More To Consider

Stay Connected

13,642FansLike
62FollowersFollow
160FollowersFollow
Myntra [CPS] IN

Hot Topics

spot_img

Latest Articles

Trending

Bigrock [CPS] IN

Featured

Adblocker detected! Please consider reading this notice.

We've detected that you are using AdBlock Plus or some other adblocking software which is preventing the page from fully loading.

We don't have any banner, Flash, animation, obnoxious sound, or popup ad. We do not implement these annoying types of ads!

We need money to operate the site, and almost all of it comes from our online advertising.

Please add technosports.co.in to your ad blocking whitelist or disable your adblocking software.

×