Huawei has recently published its annual business report featuring the Chief Finance Officer (CFO). It was her first official business-related appearance since her arrival in China last year. However, the company has decided to put the current CFO in the top position, as Meng Wanzhou joins the top Huawei leadership board.
Huawei has recently updated its top leadership board on the official website and presented CFO Meng Wanzhou on the Top leadership in the Rotating Huawei Board of directors list. She has now joined three other Rotating Chairman:
- Liang Hua
- Xu Zhijun (Eric Xu)
- Hu Houkun (Ken Hu)
For your information, meng will retain her current pots as Deputy chairwoman and CFO while becoming the new Rotating Chairwoman.
The Board of Directors (BOD) is the highest body responsible for corporate strategy, operations management, and customer satisfaction. The BOD’s mission is to lead the company forward. It exercises decision-making authority for corporate strategy and operations management and ensures customer and shareholder interests are protected.
The BOD and its Executive Committee are led by rotating chairs. During their terms, the rotating chairs serve as the foremost leader of the company.
Recently, Ken Hu has taken his tenure as the Rotating Chairman of the company until September and it’s expected that Meng will be his successor for the next term.
Meng Wanzhou’s official Bio:
“Ms. Meng holds a master’s degree from Huazhong University of Science and Technology. Ms. Meng joined Huawei in 1993 and has held positions including Director of the International Accounting Dept, CFO of Huawei Hong Kong, and President of the Accounting Mgmt Dept. Ms. Meng now serves as Deputy Chairwoman of the Board, and Rotating Chairwoman and CFO of Huawei.
Since 2003, Ms. Meng has led the establishment of Huawei’s globally unified finance organizational structure, processes, regulations, and IT platforms. From 2007 to 2014, Ms. Meng implemented the Integrated Financial Services (IFS) Transformation Program across the company around the world, making fine-grained management part of Huawei’s DNA for sustainable growth.
In 2014, Ms. Meng led the company’s data transformation and established a comprehensive data management system, creating a single source for data and making data a strategic asset of the company. During the same period, Ms. Meng implemented transformation programs for Internal Controls over Financial Reporting (ICFR), Consistency of Inventory Accounts and Goods (CIAG), treasury management, and tax management. This has transformed the finance team into a business partner and value integrator, and supported the rapid and stable development of the company’s business worldwide.
Since 2019, Ms. Meng has developed a blueprint for the digital transformation of finance based on the company’s strategic vision and long-term development plan. She has guided the establishment of a contactless risk control system by developing key risk indicators and risk control models. She has guided the establishment of an agile operations management system which has facilitated intelligent operations management and decision-making based on data and AI algorithms. She has also guided the establishment of an integrated management platform for key financial operations scenarios, to achieve collaborative operations and matrix management based on data sharing and real-time interactions.
Under Ms. Meng’s leadership, Huawei has established a world-leading digital and intelligent finance organization, laying a solid foundation for the company’s operations and supporting the company’s efforts to realize its strategies in the new era.”
Global smartphone sales declines 100 million units in May: Report
The Globe is suffering from the COVID pandemic for the past two consecutive years and this heavy decline in smartphone market value and technology year on year. As per the recent counterpoint report, the global smartphone market sales declines 4 percent month on month.
This monthly decline in smartphone sales highly drops the market value. Even after a ‘V’-shaped recovery in the year 2020, the market is not up like pre-pandemic. Meanwhile, as per the recent counterpoint report, the global smartphone market sales decline by 4 percent every month.
On the other hand, while talking about the yearly declination the global smartphone market sale dropped by 10 percent year on year in May 2022 to 96 million units. This is a decrease from the for 2 consecutive past months and a decrease from the same period of the previous year for 11 consecutive months.
Reason for the downfall of Global smartphone market sales in May 2022:
In particular, the corona crisis has not been resolved at an extension but the smartphone market is still suffering from a slowdown in demand due to various factors such as inflation.
Additionally, the negative outlook continues during the summer, but mainly with the normalization of China, the continuous improvement of the supply-demand balance of the technology supply chain, and the improved macro-economy with mid-peak inflation.
Due to the environment, it is expected to improve gradually market value in the second half of the year, the time before going down again. The upcoming month can be marked as the promotional period of the smartphone market region-wise. Like,
- 618 in China
- August, Diwali in India
- Christmas and New Year
The Director Tarun Pathak stated that:
The demand for a smartphone especially in the advanced economies is driven by replacement, which makes it a discretionary purchase. And inflationary pressures are leading to pessimistic consumer sentiment around the globe with people postponing non-essential purchases, including smartphones. The strengthening US dollar is also hurting emerging economies. A segment of consumers is likely to wait for seasonal promotions before purchasing to offset some of the cost pressures
Huawei Mate 50 Pro screen protector has no waterfall design but a potential ‘notch’
Huawei Mate 50 series is the next generation of Huawei flagship and the company has fastened up the pace to launch this smartphone lineup among consumers. The latest screen protector leak on this matter, suggests that Huawei Mate 50 Pro could leave the large waterfall design and may feature a notch system.
According to the information, a tipster from Weibo (8090DigitalMeishi) has shared a screen protector, which, according to the tipster, belongs to Huawei Mate 50. What’s more interesting is that the screen protector reveals some key information regarding the Mate 50 design, this includes the curvature on the left and right sides and a small cutout on the head.
By looking at the leaked Huawei Mate 50 Pro screen protector design, we can see that the curvature is not waterfall and it’s just a simplified version, similar to what we’ve seen in Mate 20 Pro. On the other hand, the cutout on the head could relate to the earpiece system, and not being confusing it’ll lead to the return of the Notch system.
Exploring further, the display has low bezels on each side, making the display more enjoyable but if Huawei is going to use the notch system then how much it would cover the display.
Talking about the notch, the Huawei Mate 20 series was the first to adopt such a front camera design that houses different types of lenses. These are:
- A front camera
- Dot projector
- Flood Illuminator
- Proximity sensor
- Ambient light sensor
- IR Camera
Yes, the notch is kind of sophisticated, and it was quite an impressive inspiration from Apple’s face id but there was some issue that has been found after the launch of the Mate 20 series, which has lowered, Huawei’s belief in this system. The Chinese tech maker pursuit the same concept on Mate 30 notch.
Therefore, the company later focused on features such as a front depth camera and not face security. The Chinese tech maker has also made a revolution on the front camera gesture features, which have not been used before.
Huawei Mate 50 is far away from the launch date, but previous reports have speculated this phone series unveil in August. If you want to learn more about the Huawei Mate 50 series, check the article linked below.
Samsung begins mass production of 3nm chipsets
Samsung is celebrating its first-ever production of the 3nm process. Meanwhile, today, Samsung officially announced to begins the manufacturing of chips using a 3nm process with the advanced Gate-All-Around GAA transistor architecture.
The GAA technology is to use for the first time ever in the history of Samsung. It exceeds the execution boundary of FinFET and lowers the power supply voltage level to improve power efficiency, and at the same time improves the performance by increasing the drive current capacity.
Well, is known for being the world-leading semiconductor technology and this initiative makes them more popular among the world’s top semiconductor manufacturing companies.
The company plans to begin its first application based on nanosheet transistors with semiconductor chips for a high level of performance and power computing. Which will further expandable to smartphone processors.
Samsung GAA technology:
The 3nm chips with Gate-All-Around transistor architecture are very beneficial for the following points including Design Technology Co-Optimization (DTCO), and it helps increase power, performance, and area (PPA) benefits.
Additionally, the first generation of 3nm chips can decrease power consumption by up to 45% and improve performance by 23%. On the other hand, the second generation of the 3nm process reduced power consumption by up to 50%, and improved performance by 30%, notably the result are taken as compared by compared to the 5mn chips.
- 1st-gen 3nm: reduce power consumption by up to 45%, improve performance by 23% and reduce the area by 16%
- 2nd-gen 3nm: reduce power consumption by up to 50%, improve performance by 30% and reduce the area by 35%