The troubled Chinese technology giant Huawei on Monday vowed to withstand extensive US sanctions to promote the development of the smart car sector and accelerate the development of its own mobile phone ecosystem.
The rotating chairman Eric Xu said that Huawei plans to cooperate with major Chinese automakers to invest US$1 billion (approximately 75 billion rupees) in electric vehicles and systems that use artificial intelligence.
It also plans to make progress in developing applications for the upcoming ultra-fast 5G connections, cloud computing and software businesses.
Xu told a group of industry analysts at the company’s headquarters in the Southern Technology Center in Shenzhen: “Through these portfolio adjustments, we are confident that we can survive.”
He said: “Therefore, Huawei’s overall strategy and specific measures are centered around enabling us to survive and develop for a long time after the entity goes public.”
Former U.S. President Donald Trump launched a radical campaign in 2018 to isolate the company on a global scale, because of concerns that the telecommunications network equipment installed on a global scale may be affected by the Chinese Communist Party. Used by the government for espionage or sabotage.
China and Huawei have strongly rejected this suggestion, saying that the United States has never provided evidence.
Measures taken against the company include prohibiting it from entering the huge U.S. market, cutting ties with the global component supply chain, and forcing allies to ban or eliminate Huawei equipment from their national telecommunications systems.
The administration of US President Joe Biden (Joe Biden), who took office in January, has so far stated that it will not let Huawei.
Executives have stated in recent months that the company will get rid of its dependence on two main business units, but Xu Xu’s comments on Monday are by far the most specific.
Huawei is the world’s largest supplier of telecommunications network equipment and has long been the top three smartphone suppliers along with Apple and Samsung.
However, according to industry trackers, due to the difficulty in obtaining the necessary components, sales have plummeted, and the product has fallen into the top three mobile phones at the end of 2020.
According to Chinese media reports, the Chinese state-owned automaker BAIC Group plans to launch a new model of its ArcFox electric vehicle production line at the Shanghai Auto Show next week, and Huawei has provided it with operating parts.
Xu said that Huawei also plans to cooperate with other Chinese automakers in the field of electric or smart cars, which is a fast-growing market in China.
After the United States takes action to stop using Google’s Android operating system, the company will also step up its efforts to develop its own mobile phone operating system.
Analysts said that this is a daunting task given that Android and Apple’s iOS systems are globally dominant.
Huawei stated that it can establish viable alternatives on the basis of existing large users.
Why did LG give up its smartphone business? We discussed it on the gadget 360 podcast Orbital. Later (from 22:00), we will discuss the new cooperative RPG shooting game Outriders. Orbital is available for Apple Podcast, Google Podcast, Spotify and wherever you get a Podcast.