Huawei Technologies, the world’s largest supplier of telecom equipment and the second-biggest smartphone maker, its technology touches virtually every corner of the world, and its massive R&D budget has made it a leader in 5G technology.
Huawei is expected to record a 21% jump in revenue for 2018 to $109 billion, according to the chairman, Guo Ping, marking the Huawei’s fastest pace of business growth in two years despite heightened global scrutiny of its activities.
Huawei will release Mate 20 and Nova 4 special editions to celebrate 200 million shipments this year
According to Reuters, Guo Ping, during his New year’s address to the company’s employees said that the company’s revenue will hit $109 billion this year, which is a 21% increase from the previous year and it will be the maximum growth rate the company has recorded in two years. This year 2018 will also make it the first time the company will record $100 billion increase in revenue.
The high growth is occurring despite warnings from the U.S. government to its allies not to use Huawei phones or network equipment.
Huawei joins the list of top three global innovators, jumped two place compared to last year: EU Rankings
The 2020 EU Industrial R&D Investment Scoreboard ranks the research investment levels of 2500 companies across the globe that covers 90% of the world’s business-funded R&D.
According to the 2020 EU Industrial R&D Investment Scoreboard, Huawei heads to third place which is a jump of two places compared to last year. In 2019, the Chinese tech giant has got fifth place on the scorecard.
Huawei’s Chief Representative to the EU Institutions said – “The EU confirms that Huawei is now among the top three innovative global companies. To maintain the European way of life for its future generations, Europe will need to use the best technologies and innovations. Huawei stands ready to team up with Europe for a joint bright future,”
Most of the global research that Huawei carries out takes place in Europe. The company has established its first research center in Sweden in the year 2000. With a series of partnerships with over 150 European universities, Huawei is deeply embedded within the ICT research ecosystem in Europe. Through this collaborative research activity, Huawei makes Europe fit for the digital age.
Huawei believes that international research collaboration strengthens EU competitiveness and contributes to climate change mitigation, thus strategically supporting the European Green Deal.
Trump orders US companies to look for an alternative to China, stocks slide
On Friday, U.S. President Donald Trump said, “our great American companies are hereby ordered” to “immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.”
The U.S. President also said he is ordering all carriers, including Fed Ex, Amazon, UPS, and the Post Office, to SEARCH FOR & REFUSE,….all deliveries of Fentanyl from China (or anywhere else!). Fentanyl kills 100,000 Americans a year.
….better off without them. The vast amounts of money made and stolen by China from the United States, year after year, for decades, will and must STOP. Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing..
— Donald J. Trump (@realDonaldTrump) August 23, 2019
President Xi said this would stop – it didn’t. Our Economy, because of our gains in the last 2 1/2 years, is MUCH larger than that of China. We will keep it that way!” he added.
Mr. Trump tweeted. “I will be responding to China’s Tariffs this afternoon.”
….all deliveries of Fentanyl from China (or anywhere else!). Fentanyl kills 100,000 Americans a year. President Xi said this would stop – it didn’t. Our Economy, because of our gains in the last 2 1/2 years, is MUCH larger than that of China. We will keep it that way!
— Donald J. Trump (@realDonaldTrump) August 23, 2019
The U.S. President tweets came after China hiked tariffs on $75 billion of U.S. products.
According to CNBC, Semiconductor stocks and shares of Apple slide after President Trump tweets. Shares of Apple fell as much as 4.5%, while the VanEck Vectors Semiconductor ETF declined 4%. Among the chip companies, Qualcomm slid 4.5%, Nvidia lost 4.8%, Advanced Micro Devices dropped 6.6%, Micron fell 4.2% and Broadcom slid 5.3%.
The tech-heavy Nasdaq was off 2.1%, while the Dow Jones Industrial Average slid 2.2% and the S&P 500 fell 2.4%.
Ren Zhengfei: Huawei to lose $30 Billion of Revenue over the next 2 Years due to U.S Ban
Ren Zhengfei, the founder and CEO of Huawei said Monday, the company’s revenue will be $30 billion less than forecast over the next two years due to the U.S. government’s ban and ongoing trade dispute with China. He expects revenue of about $100 billion for Huawei in 2019, a decline from last year’s roughly $107 billion.
CEO Ren during a board discussion at company headquarters in Shenzhen said (via CGTN):
“We never thought that the U.S.’s determination to attack Huawei would be so strong, so firm. We cannot get components supply, cannot participate in many international organizations, cannot work closely with many universities, cannot use anything with U.S. components, and cannot even establish a connection with networks that use such components.”
“We realized when we reached a certain level there would be competition, but it didn’t occur to us the U.S. government would be so determined to take such extreme measures against Huawei,” Ren said during a panel discussion.
“It’s okay that certain universities don’t work with us right now because there are so many other universities out there,” the founder said.
“There is no way we can be beaten to death,” Ren said.
Well, the company still has the Chinese market, where it can sell millions of devices without any care of on-going trade situations.