China's Huawei says 2020 sales rose despite US sanctions
Hu expressed confidence global sales will rebound once the coronavirus pandemic is brought under control. Huawei said 2020 profit edged up 3.2% to 64.6 billion yuan ($9.8 billion), decelerating from 2019’s 5.6% growth. AdSales of smartphones and other consumer products rose 3.3% over 2019 to 487 billion yuan ($74.1 billion), or 54% of total revenue. Research and development spending, already among the highest for any company, rose to 141.9 billion yuan ($21.6 billion), according to Huawei. As more people worked remotely, technology sales to manufacturers, health care and other businesses jumped 23% in 2020 to 103.4 billion yuan ($15.4 billion), up from 2019’s 8.6% gain.
China cuts taxes to spur semiconductor development
China has announced tax breaks to spur growth of its semiconductor industry following U.S. sanctions that cut off access to American processor chips for tech giant Huawei and some other companies. (AP Photo/Mark Schiefelbein, File)BEIJING – China announced tax breaks Monday to spur growth of its semiconductor industry following U.S. sanctions that alarmed the ruling Communist Party by cutting off access to American processor chips for tech giant Huawei and some other companies. AdThen-President Donald Trump cut off Huawei Technologies Ltd.’s access to U.S. processor chips and other technology in 2019 in a fight over Beijing’s industrial ambitions. Last year, Trump tightened curbs by prohibiting global suppliers from using U.S. technology to make chips for Huawei. Processor chips and other semiconductors are China’s biggest single import, totaling more than $300 billion a year.
Huawei unveils flagship foldable smartphone for China market
Struggling under U.S. sanctions, Chinese tech giant Huawei has unveiled a new flagship foldable smartphone but says it will only be sold in China. Last year, Huawei fell from the top-selling global smartphone brand to sixth place. AdWithout Google music and other services preinstalled, Huawei’s smartphone sales, including Honor, fell 22% last year to 188.5 million, according to Canalys. Huawei, headquartered in Shenzhen in southern China, also is the biggest global maker of switching equipment for phone networks. Huawei’s smartphone unit depends increasingly on its home China market, which accounts for more than 70% of sales, up from 50% in 2019.
Huawei CEO says he'd welcome phone call from Biden in first remarks on new U.S. president
Huawei founder and CEO Ren Zhengfei speaks during a press briefing in Taiyuan, in China's northern Shanxi province on February 9, 2021. Jessica Yang | AFP | Getty ImagesTAIYUAN, China — Huawei CEO Ren Zhengfei said he'd welcome a phone call from U.S. President Joe Biden, in his first public remarks since the change of administration in Washington. Ren Zhengfei CEO, Huawei'Overcome the difficulties'Ren struck an optimistic tone saying that his confidence "rose" in the last year around "Huawei's ability to survive." Huawei also achieved positive revenue and net profit growth for 2020, the CEO said, without giving specific numbers. Huawei will 'never' sell smartphone businessQuestions about the future of Huawei's smartphone business have been swirling, given the company has not been able to access chips that were manufactured by TSMC.cnbc.com
China's Xi promises changes to promote tech center Shenzhen
In this photo released by China's Xinhua News Agency, Chinese President Xi Jinping speaks during an event to commemorate the 40th anniversary of the establishment of the Shenzhen Special Economic Zone in Shenzhen in southern China's Guangdong Province, Wednesday, Oct. 14, 2020. President Xi Jinping promised Wednesday new steps to back development of China's biggest tech center, Shenzhen, amid a feud with Washington that has disrupted access to U.S. technology and is fueling ambitions to create Chinese providers. (Zhang Ling/Xinhua via AP)BEIJING – President Xi Jinping on Wednesday promised new steps to promote development of China's biggest tech center, Shenzhen, amid a feud with Washington that has disrupted access to U.S. technology and is fueling ambitions to create Chinese suppliers. Companies in Shenzhen including Huawei Technologies Ltd., a maker of smartphones and switching equipment that is China's first global tech brand, play a key role in those plans. Trump issued an order in August that declared WeChat, a popular messaging service operated by another Shenzhen tech giant, Tencent Holding Ltd., a threat to national security.
Huawei posts 13.1% revenue growth amid pandemic, sanctions
China on Wednesday demanded Washington stop "oppressing Chinese companies" after U.S. regulators declared telecom equipment suppliers Huawei and ZTE to be national security threats. (AP Photo/Mark Schiefelbein)HONG KONG Huawei Technologies reported Tuesday that its revenue grew 13.1% in the first half of the year compared with a year earlier, despite sanctions from the U.S and challenges from the coronavirus pandemic. Revenue rose to 454 billion yuan ($64.9 billion) in January-June compared to 401.3 billion yuan during the same period last year. In May last year, Washington put Huawei on a blacklist that forbids U.S. companies from doing business with it without permission from the government. The U.S. has also been applying pressure on countries to exclude Huawei from upcoming, ultrafast 5G mobile networks.
Huawei founder says Chinese giant can 'survive further attacks' from the US as he predicts escalation
Huawei CEO Ren Zhengfei attends a session at the Congress center during the World Economic Forum (WEF) annual meeting in Davos, on January 21, 2020. (Photo by Fabrice COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images)Washington may step up its campaign against Huawei, but the impact on business will be minimal, the Chinese telecom giant's founder, Ren Zhengfei, said on Tuesday. Huawei has been the target of U.S. concern over its links to the Chinese government. Washington maintains that Huawei is a national security risk because its networking equipment could be used for espionage by the Chinese government. "This year the U.S. might further escalate their campaign against Huawei, but I feel the impact on Huawei's business would not be very significant," Ren said at the World Economic Forum in Davos.cnbc.com
Huawei plans to shift research center from US to Canada, founder Ren Zhengfei says
The Huawei logo is seen on the side of the main building at the company's production campus on April 25, 2019 in Dongguan, near Shenzhen, China. Huawei Technologies plans to shift its research center to Canada from the United States, Ren Zhengfei, the founder of the Chinese telecoms equipment maker, said in an interview with Canada's Globe and Mail. The U.S. Commerce Department in May placed Huawei on a trade blacklist, citing national security concerns. Huawei was not immediately available to comment on Ren's interview when contacted by Reuters. The firm has previously denied it is a risk to U.S. national security.cnbc.com
Why a tech war could endanger autonomous and connected cars
If you think the U.S.-China trade war is a problem for smartphones and 5G, spare a thought for autonomous and connected cars. Tech players still believe innovation will solve all problems, but what if "Make America Great Again" trumps tech? The smartphone has emerged as the central connected device and is unlikely to be knocked off its perch by more connected devices. But the biggest connected device in the future, at least by size, will be the car. Imagine a self-driving car with chips and sensors to safely navigate roads, running on open digital platforms and utilizing smartphones to bring user preferences to a connected car, just like the connected home.cnbc.com
Huawei employees intercepted encrypted messages to help African governments spy on political opponents, says WSJ
Huawei employees helped African governments spy on political opponents by using cell data to track their location and intercepting encrypted communications and social media, a Wall Street Journal investigation found. In two separate cases in Uganda and Zambia, the Journal found that Huawei employees used its technology to aid domestic spying on behalf of governments in those countries. A cyber team based at the Ugandan police headquarters asked the Huawei technicians for help after failing to access the encrypted messages using the spyware, security officials told the Journal. In a statement, a Huawei spokesperson told CNBC the company has "never been engaged in 'hacking' activities." "Our internal investigation shows clearly that Huawei and its employees have not been engaged in any of the activities alleged.cnbc.com
US companies tentatively step back into business with Huawei, but a long fight looms
Ren Zhengfei, CEO of Huawei speaking with CNBC at Huawei headquaters in Shenzhen, China. But a Microsoft spokesperson said the company made "an initial evaluation" of the Commerce Department decision on Huawei and will "to continue to offer Microsoft software updates to customers with Huawei devices." "We're still providing Windows software updates to customers with Huawei laptops," the spokesperson said. Google did not immediately respond to comment, and a Huawei spokesperson said the company "had no further details at this time." In response to the walk back, Rubio also introduced legislation to solidify the full ban on Huawei.cnbc.com