The US president Donald Trumps said on Sunday that he doesn’t want to do business with Huawei, despite the administration planning to give to expand the company’s 90 days reprieve.
Trump told reporters that he did not want to do business with Huawei for national security reasons, reported Reuters.
“At this moment it looks much more like we’re not going to do business,” Trump said. “I don’t want to do business at all because it is a national security threat and I believe that the media has covered it a little bit differently than that.”
He said there were small parts of Huawei’s business that could be exempted from a broader ban, but that it would be “very complicated.” Although, he remains uncertain on whether his administration would extend the “temporary general license.”
It was reported last week, the U.S. Commerce Department is expected to extend the reprieve given to Huawei that permits the firm to purchase U.S. technologies to serve its existing customers.
The “temporary general license” will be extended for Huawei for 90 days, the sources told on August 17.
The up and down movements of Trump’s decisions are the results of not getting a good negotiation from China and issues between the two countries are back where they have begun. Also, all of this trade war thing of these two nations is hurting Huawei’s business around the globe.
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
Huawei’s Shenzhen Super Fusion Technology subsidiary with 150 million CNY registered capital
According to the latest news, Huawei has established a new subsidiary called Shenzhen Super Fusion Technology. The company has invested 150 million Yuan in this newly built branch, which will focus on industrial designing and IoT technology.
It can be observed that Huawei is not only diving its work for more outputs but the Chinese company is empowering the business and stretching its limits to various fields including automotive, digital payment, digital energy, and so on.
Shenzhen Super Fusion Technology Overview:
The legal representative of this firm is Zheng Liying, who is responsible for Xunlian Zhipay as well.
This new firm is situated at 3801 Chuangxiang Building, Overseas Chinese Town, Beizhan Community, Minzhi Street, Longhua District, Shenzhen in China.
The business scope of this firm will cover the Industrial Engineering Design Service and research and development work in the field of the Internet of Things.
Super Fusion Technology, a sub-branch of Huawei solely owns the Shenzhen Super Fusion Technology.
Not a long ago, Huawei applied for a new trademark Super Fusion, which was established on the 8th July 2021, with a registered capital of 727 million Yuan. This company mainly works on AI basic resources, Big data services, Software development, IC chips, radio, television, and communication equipment sales, etc