Huawei will spend US$632 million to build new digital energy headquarter

Huawei will spend 4 billion yuan (US$632 million) to build a new headquarters and R&D center for its digital power unit in Shenzhen in the face of US sanctions.

According to the 21st century Herald newspaper, Huawei Digital Power signed an agreement on Thursday with a local government of the southern metropolis of Shenzhen, similar to the headquarters of the parent Huawei organization.

This new partnership falls under a larger event held by Shenzhen to mark the launch of new construction projects in the city.

The report mentions that this effort is a part to promote a dual carbon supply chain, which is a mark to reach China’s global emission peak before 2030 and become carbon-neutral before 2060.

Currently, Huawei has not responded on this matter but the Chinese tech maker is surely working on the way to contribute as much as it could provide excellent support for its country.

Industry analyst believes that such activity will diversify Huawei’s business portfolio to reduce the impact of US sanctions. According to the information, the Huawei Digital Power subsidiary is registered under the Huawei parent organization and Ken Hu has been the rotating chairman of the company.

(via – CNA)