Connect with us

News

Huawei will not sell its smartphone business, confirms founder

Published

on

Huawei Phone with Logo

Ren Zhengfei, founder and CEO of Huawei on Tuesday expressed that Huawei will survive the sanctions imposed by Donald Trump and expects a restart in ties with the U.S. upon arrival of the new president, Joe Biden.

In May 2019, the U.S. commerce department added, Huawei into the Entity List, which prohibits the company from purchasing U.S. technologies as well as software services. In 2020, the Trump administration further restricted Huawei from purchasing semiconductor products and canceled licenses for existing suppliers.

Last month, Joe Biden took charge of the White House and Ren expects that the new U.S. president could bring an improvement in ties between the two parties as well as businesses.

Ren said, Huawei remained committed to purchasing from U.S. companies and it’s mutually beneficial to restore Huawei’s access to U.S. goods.

Advertisement

Furthermore, he suggests that the restrictions on the Chinese tech giant would hurt U.S. suppliers because of Huawei’s buying capacity.

“We hope the new US administration would have an open policy for the benefit of American firms and the economic development of the United States,” said Ren. “We still hope that we can buy large volumes of American materials, components, and equipment so that we can all benefit from China’s growth.”

Ren gave this statement during his visit to the Chinese city of Taiyuan at an opening of a lab for technologies for automating coal production to increase safety in this business.

Huawei will not sell smartphone business:

According to the recent smartphone market reports, Huawei has seen a big drop in its smartphone sales and market share. In the fourth quarter of 2020, data from IDC shows that the company has slipped to number five from the number two spot among the top 5 smartphone makers.

Aside from this, Huawei’s domestic market is still steady and it could help the company to survive for a long time.

Advertisement

Amid these changes, reports also emerged that says Huawei would sell its P and Mate series flagships. At that time, Huawei has denied such reports and Ren also said that Huawei will keep its smartphone business in the market. (Via AFP)

“We have decided we absolutely will not sell off our consumer devices, our smartphone business,” he said.

Related to this, Huawei is preparing to launch a new foldable phone, the Huawei Mate X2 on February 22, and then the company has planned to release a new P-series flagship, P50 somewhere in March. These phones symbolize Huawei’s capabilities in the software, hardware, and camera sections.

Also, Check:

Huawei is confident on ability to survive under pressure: Ren Zhengfei

Advertisement

Yash is a graduate of computer science and followed his way into journalism, he is interested in various subjects related to technologies and politics. Yash likes to listen classical songs and has a huge library of classical mixes.

News

Huawei Hyperfusion business revenue exceeds 1.1 billion USD in H1 2022

Published

on

Huawei Hyperfusion business revenue

The Hyperfusion business of Huawei is back on trend and has scored a good amount in its revenue. As per the latest information, the business server has quickly recovered from its traditional status and has exceeded revenue of 8 billion yuan [1.17 billion USD] in the first half of the year 2022.

You might be wondering where this new term ‘Hyperfusion’ has appeared. Well, Hyperfusion business server is the subsidiary institute of Huawei. The Chinese manufacturer has completely adopted the cooperation in September 2021.

Thereafter, in November 2021, the firm turned around from Huawei to handle things independently. Alternatively, it integrates and works on several technological concepts. For instance, industrial engineering design services, Internet of things technology research and development, and more.

According to the latest information, the business operators jointly held the first hyperfusion partner conference in Zhengzhou, today. Various companies such as Advanced Digital Communications, Beiming Software, Zhouyou Yunzhi, and Guangzhou Yaoheng have attended this event.

Advertisement

The officials of Huawei Hyperfusion business have organized the event for celebrating the success of the excellent revenue. Appreciating the deeds, the operators said that Hyperfusion has committed to becoming the world’s leading provider of computing services.

Huawei Hyperfusion business revenue

Hyperfusion recovered rapidly in the first half of 2022

Consequently, the Chairman and CEO of Hyperfusion – Liu Hongyun has expressed his satisfaction with the recovery of the business. Liu said the business has recovered quite rapidly in the first half of this year. It was capable of making more than 10 billion yuan [1.47 billion USD] orders and revenue of 8 billion yuan [1.17 billion USD].

Together, these efforts brought the company to the third rank in China, in terms of market share. Additionally, it has also gained more than 2000 superfusion employees and 5000 partners.

Liu believes that by relying upon the ecological concept of win-win cooperation, the Hyperfusion business will be able to create a great value creation platform.

Advertisement

(Source)

Continue Reading

News

Huawei Kirin maker’s market share declines, while Kirin 9000 runs out of stock

Published

on

Huawei HiSilicon Kirin 9000

Huawei HiSilicon and Kirin 9000 are one of the best processors among different kinds of SoCs. So far, these chipsets provide the best performance and efficient functioning of the device. But seems like, the market value for the respective chipsets isn’t going in the same way as they were before.

That says the report of CINNO Research which showcases the China smartphone SoC shipments in the first half of 2022. Alternatively, the share market for the processors has gone down to 16.9 percent this year, with a sale of 134 million units.

According to this report, the Chinese tech giant has attained a huge decline in the market share of Huawei HiSilicon and Kirin 9000 processors. Going with the status, HiSilicon received a decrement of 81.5 percent on the yearly basis, which is the largest year-on-year decline.

In comparison to the previous year, the shipment of Huawei HiSilicon has fallen from 21.4 million to just 4 million units. On the other hand, the Kirin 9000 chipsets are no longer available for an unlimited period. Although the company hasn’t emitted any word on this subject till now, we are waiting to see the return of the king of Huawei processors.

Advertisement

Huawei HiSilicon Kirin 9000

MediaTek and Qualcomm are still at the top!

In this outcome, MediaTek and Qualcomm again managed to remain in the top two positions. As per the information, MediaTek gained 42.1 percent of its share market profit with 56.6 million shipments. Following the lead, Qualcomm scored about 35.3 percent of success with the shipment of 47.4 million units.

Thereafter comes Apple with a 16.3 percent increase, ranking at the third position. Despite several challenges, Huawei HiSilicon possibly made its place in the top five smartphone SoC vendors ranking. Yet, we cannot forget that among the top five brands, HiSilicon is the one to obtain share decline.

This time, the SoC market has been affected in overall aspects. But, Huawei has to make some powerful strategies to step back in the market with the same superiority and magic in its processor. Since there are already several competitors waiting outside the door.

[Source]

Advertisement
Continue Reading

News

Huawei gains 44.7 trillion USD sales revenue in first half of 2022: Report

Published

on

Huawei sales revenue 2022

Huawei has scored a sales revenue of 301.6 billion yuan (44.7 trillion USD) in the first half of 2022. Alongside, the company has also fruitfully gained a net profit margin of 5.0 percent, while the revenue overall continues to clamp down.

The Chinese manufacturer brought down the unaudited financial report, yesterday. Describing the odds and evens, Huawei said that the 2022 sales revenue report, as well as its operating results, seems to be on the right track for the moment.

Apart from the sales revenue, the company has also showcased the data of operator business and enterprise business income. Alternatively, the operator’s business income is 142.7 billion yuan (21.1 trillion USD) and the enterprise business income is 101.3 billion yuan (15.02 trillion USD).

Comparatively less, but good!

If we go into the flashback, the company has come one step down from its previous outcomes. In the first half of 2021, Huawei has obtained a sales revenue of 320.4 billion yuan (47.5 trillion USD) with a net profit margin of 9.8 percent.

Advertisement

On the flip side, in the previous year, the scoreboard for operator business income and enterprise business income displayed the achievement of 136.9 billion yuan (20.3 trillion USD) and 42.9 billion yuan (6.36 trillion USD) respectively.

 Huawei sales revenue 2022

Yet, Huawei believes that the overall performance and the result of the company in the first half of this year are quite running as per the expectations of the company. And soon the company will exhibit some more master strokes in the time ahead.

Giving depth to the words and success, the Rotating Chairman of Huawei – Hu Houkun expressed his cheerfulness in the following words:

“Although the terminal business has been greatly affected, the ICT infrastructure business has maintained steady growth. We will actively seize the development trend of digitalization and low-carbon development, and achieve quality by creating value for customers and partners.”

Advertisement

On the other hand, the company has also shown its gratitude towards the consumers who kept supporting the products and made them stand at the top position in the market.

“Thanks to customers and partners for their trust and support to Huawei. In 2022, the external environment will be complex and changeable, and operations will face great challenges. Huawei will work closely with customers and partners around the world to overcome the difficulties together.”

[Source]

Advertisement
Continue Reading