Connect with us

Business

Ren Zhengfei: Huawei to lose $30 Billion of Revenue over the next 2 Years due to U.S Ban

Published

on


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.

Honor sold 30,000 units of its 20 Pro in just 3 seconds

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.

Advertisement

“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.

Advertisement

Amy is our firmware and software specialist, she keeps her eagle eyes open for new software rollouts, beta programs, and other software related activities as well as new smartphone launch.

Continue Reading
Advertisement

Business

Huawei set up a precision manufacturing company for 600 million yuan

Published

on

Huawei

On December 28, Huawei has established a precision manufacturing company with registered capital of 600 million yuan. According to the China Intellectual Property database, the legal representative of this company is Li Jianguo.

New information also reveals that this company is fully owned by Huawei and the business type is a limited liability company. Also, the registration status is business registered and in operation.

Precision Manufacturing:

Precision Manufacturing is the implementation arm of precision engineering. Precision engineering focuses on the design and development of highly accurate components. It takes the original intent and design and converts it into a workable component part.

Huawei precision manufacturing company

Huawei precision manufacturing company scope:

  • An optical communication device manufacturing
  • Optoelectronic device manufacturing
  • Electronic component
  • Semiconductor discrete device manufacturing
  • Engineering, technical research, and experimental development
  • Technical services
  • Technology development
  • Technical Consultation
  • Technical exchanges
  • Technology transfer
  • Technology Promotion (Except for projects approved by law, the main business activities of Tian’s business license system)
  • Import and export of goods
  • Technology import and export (Projects that require approval according to law, Economic, and general activities can only be carried out after the relevant landmen approve the students. Its business projects are subject to the relevant section micro-standard documents or permits)

Huawei Business:

Back in August 2021, Huawei set up a Huawei Digital Energy Technology Co. Ltd. with a registered capital of 20 million yuan. The objective of this company is to research and develop the most efficient energy resource. It mainly includes:

Advertisement
  • Online energy metering technology research and development.
  • Online energy monitoring technology research and development.
  • The power industry energy-efficient technology research and development.
  • Emerging energy technology research and development.
  • Energy recovery system research and development.

In terms of equity prices of Huawei solely owns the company with 100% Digital Energy Holdings. It can be regarded as Huawei’s yet another fully owned subsidiary.

(Via – ithome)

Continue Reading

Business

Huawei established new Digital Energy Technology company to research on digital energy

Published

on

By

Huawei

Huawei established a new company registered under the name Shanghai Huawei Digital Energy Technology Co. Ltd. The company has Zhou Taoyuan as its representative with a registered capital of 20 million yuan.

The main objective of the company is to research and develop the most efficient energy resources. Its work mainly involves:

  • Online energy metering technology research and development.
  • Online energy monitoring technology research and development.
  • The power industry energy-efficient technology research and development.
  • Emerging energy technology research and development.
  • Energy recovery system research and development.

The establishment of Shanghai Huawei Digital Energy Technology shows that Huawei may conduct research and development in the field of electric vehicles, deepening its existence in vehicle manufacturing.

Huawei Digital Energy Technology

Looking at the equity prices of Huawei solely owns the company with 100% Digital Energy Holdings. It can be regarded as Huawei’s yet another fully owned subsidiary.

Huawei already has a number of patents registered related to the automotive industry. The Chinese tech giant is also working on a number of technologies for autonomous driving.

Advertisement

There are several patents that Huawei has applied that can optimize algorithms, realize all-weather operation, automatic parking, and more.

Huawei Digital Energy Technology company

Huawei and GAC plans for smart electric SUV

In the related news, the GAC Group has recently announced its partnership with Huawei. Both these companies are planning for a new smart SUV that will integrate all the smart car solutions of Huawei and the resource of GAC.

It will be a pure electric vehicle. Furthermore, this smart car is said to enter mass production by the end of 2023. Read more here

(Via – It Home)

Advertisement
Continue Reading

Business

Huawei joins the list of top three global innovators, jumped two place compared to last year: EU Rankings

Published

on

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

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.

Advertisement
Continue Reading