In 2020’s annual business report, Huawei has shown its business graph for the last year, which includes the 891.4 billion yuan revenue with 3.8% YoY growth, a net profit of 64.6 billion yuan with a year-on-year increase of 3.2%, these records basically indicates that the business last year met the expectations.
Huawei Vice Chairman and Rotating Chairman, Hu Houkun said at the press conference that Huawei’s chip designing division, the HiSilicon team is currently stable and they a lot to work on.
In the past year, Huawei is positioned as a supplier of ICT system equipment, and still has a strong dependence on the global chip industry chain. The Chinese tech giant predicts that the semiconductor industry model based on a global cooperation model will still be mainstream in the future.
We will adhere to innovation based on open cooperation. On the other hand, we also hope that governments, especially leaders, will help the industrial chain recover and strengthen global cooperation.” said the official.
In May 2019, Huawei was prohibited from purchasing the U.S. technology components under the U.S. entity list, sanctions under this so-called entity list prohibit purchases of chips and other parts for new products.
Laster in 2020, in the U.S. government further extend the reach of the Entity List and completely blocked Huawei’s access to the manufacturer-new chipset through companies such as Taiwan’s TSMC. Afterward, Huawei has to stop making new designs since last year.
(Via – ithome)