Bruce Lee, president of Huawei’s consumer business flagship product line said that the company recently sat in a documentary interview with a Japanese director. In the interview, Lee gave us some insights into Huawei’s latest situation.
Bruce said, Huawei internally allows employees to apply for retirement at the age of 45 but he would not do this. that is because the U.S. sanctions have hit hard Huawei and the company would continue to work until the day when Huawei gets back to the number one position.
In May 2019, Huawei was blocked by the U.S. commerce department and not allowed to purchase U.S.-made components. Therefore it cannot acquire the required parts to assemble devices such as chips for smartphones and network systems.
Bruce also said that if defeated, Huawei would accept its defeat if defeated in competition but a political blockade will stop or defeated Huawei.
Huawei’s other executive, Guo Ping, another Huawei executive, talked about and expressed that U.S. sanctions are painful in short term but good for the long term.
Yu Chengdong, CEO of Huawei Consumer Business Group said that Huawei has invested a very large investment in R&D and has gone through a very difficult process, but unfortunately, we are in semiconductor manufacturing.
However, the past reports have revealed that the company is making its way forward to the chip-making business and preparing to set its own foundry system, which may take some time but could be perfected by the Chinese tech giant.
5.5G is coming, Huawei suggests ten times improvements
On August 3, at the 5G-Advanced Innovation Industry summit, Huawei’s MD and President of ICT Products and Solutions Wang Tao explained six innovative directions for 5.5G, as its arrival is upfront.
The name itself clears that the 5.5G is an advanced version of the 5G network with some extra capabilities over the base network. Huawei claims that 5.5G can improve the real-time interaction experience, enhance cellular IoT capabilities, and explore new scenarios.
According to the info, Wang Tao stated that 5.5G should innovate in six different directions in order to achieve more than 10 times capacity improvements. These six areas of innovations include:
- Spectrum reconstruction
- Uplink enhancement
- Full scenario IoT
- L4 autonomous driving network
- Green and low carbon
In order to achieve the 5.5G’s extreme capabilities, the current 5G network needs to be enhanced in a number of ways. The enhancements are required in upstream and downstream rates, high precision positioning, and connection density. Moreover, the requirements also suggest adding new capabilities such as perception.
Xu Wenwei, Huawei’s director and dean of Strategic Research institute said that the 5.5G is the next level over the current 5G network. The advanced network is derived from the 5G and it should support all the 5G devices.
Furthermore, he adds that the 5.5G network should be compatible to support the sub-100GHz full frequency band.
5.5 will provide Gbps downlink at a low latency of 5ms compared to 5G
5.5G is an innovation on which Huawei is continuously working. The Chinese tech giant predicts that the 5.5G will outperform the current 5G network in many aspects. After continuous work over the 5.5G network, Huawei plans to go beyond 5.5G along with its partners between 2025 and 2030. Read more here
Huawei announced 100 million USD ecosystem development plan for Asia Pacific
At the Huawei Cloud Spark Summit, the Chinese tech giant announced a 100 million USD startup support plan for the Aisa Pacific region. The company selects four countries including Indonesia, the Philippines, Shri Lanka, and Vietnam to develop the startup hub. Furthermore, this plan target to support about 1,000 startups from these countries.
Catherine Chen, Senior Vice President and Board Member of Huawei informed that Huawei itself a startup with a registered capital of 5,00 dollars. So the company is thinking to help other companies with their experience and jointly developing more innovative products and solutions for the world.
Huawei Cloud History:
Huawei Cloud has been launched in 2017 and now became the world’s fastest-growing cloud service. The Spark program is one part of its strategy to drive various startups. Moving ahead, the company is working with local authorities, commanding incubators, famous VC (Virtual Circuit) firms, and top universities to provide them regional support in the startup.
To date, an estimate of 40 startups has joined the Huawei program. In this line, Huawei also launched the cloud-plus-cloud program to build a high-quality business ecosystem. Furthermore, the new program has a budget of about 40 million USD that will jointly sponsor by the Huawei Cloud and HMS (Huawei Mobile Service).
The company aims to support about 200 startups in 2021 in shared resources with the HMS ecosystem. Adding to this, 100,000 HMS developer innovation centers are also planned to empower the HMS cloud-native developers.
Huawei Cloud and Spark Program:
- Huawei Cloud-Plus-Cloud Collaboration: It works to build up to cloud startups across the globe. Besides, the company will put more effort into the ongoing programs covering technological innovation, global and local services, and business ecosystems.
- Spark Developer Program: This program is part of the Asia Pacific Spark Program aims to empower the cloud developing ecosystem across the Aisa Pacific region.
- The Spark Pitstop Program: It is designed to support the Huawei Cloud startups and speeds up the development of cloud-based products.
- Spark Innovation Program: The SIP is focused on bringing new innovations through the Spark startup ecosystem.
At last the Huawei President for Asia Pacific Region- Jeffery Liu speaks about the work of the company and concluded by announcing the Huawei startup support plan with a 100 million USD investment for the coming three years.
“For the past two decades, we have remained committed to being ‘In Asia Pacific, For Asia Pacific’ Leveraging Huawei’s global customer base and full-stack technologies, the Spark Program will invest more than US$100 million over the next three years.
And provide comprehensive support to the establishment of a sustainable startup ecosystem that creates new value for this dynamic region.” said President Liu
Huawei improved ranking in Fortune Global 500 List 2021 despite U.S. restrictions
Fortune 500 Global List for 2021 is now published, which shows that Huawei has made significant progress despite U.S. sanctions.
However, these worldwide companies show an overall decline of $31.7 trillion with a 4.8% decrease over the past five years. The expertises are blaming the global pandemic for the decline, while most of the previous firms aren’t able to make a place in the top 500 this year.
Fortune Global 500 Top 10:
The worldwide e-shopping platform – Walmart is still on top for the eighth consecutive year and recorded $523,964 million revenue this year. While the Chinese electric firm- State Grid rose to the second position and Amazon directly jumps to the third from ninth place with $383,906 and $280,522 million revenue growth.
Furthermore, the China National Petroleum, Sinopec Group, and Apple are in four, fifth and sixth positions respectively. Besides, Royal Dutch Shell, Saudi Aramco, and BP slipped out of the top 10 and making a place for CVS Health on seventh and UnitedHealth Group in the eighth position followed by Toyota Motor in ninth and Volkswagen in tenth place.
- Walmart is titled as the world’s largest company for the eighth consecutive year
- Apple is the most profitable company with a net profit of 57.4 billion USD
- It was the first time when Tesla and Netflix were listed with the 392nd and 484th position respectively
- Amazon, Alphabet, Facebook, JD.com, Alibaba, and Tencent are the event internet company listed this year
- Huawei is on the 44th position in the list
- 19 ICT companies from the US-listed this year
- Chinese firms including SAIC, Tencent, Alibaba show a significant improvement companion to last year
- China-based Xiaomi shows the largest improvement and rose by 84 places