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U.S. companies trying to reverse the latest sales restrictions on Huawei, facing huge revenue loss
U.S. government has barred Huawei from accessing U.S. technologies since May 2019 under the U.S. Entity List, which created a number of new difficulties for Huawei.
Following the US restrictions, some major Huawei suppliers applied for the license to continue the business. Some chipmakers including Intel and dozens of others that have then received the license to continue supply.
However, Donald Trump on the last day of his presidency revoked licenses that permit companies to export their components to Huawei. All of this is done just to pull down the Chinese tech giant and its business growth around the globe.
According to Reuters, some semiconductor firms have asked for additional time to appeal at the last minute on the Trump administration’s steps to block sales to Huawei. Sources familiar with this matter said it is expected that the Biden administration would reverse the course.
Several unknown company executives said they ultimately do not think the Biden administration will significantly soften the hardline position. “Everyone is deflated,” said one company executive.
The Billions of dollar of U.S. based technology and chip component sales depends on how the Biden administration enforces export restrictions imposed on the Trump administration.
These restrictions are surely hurting Huawei but on the flip side, the same loss is happening to the U.S. companies because of Huawei’s purchase capacity.
The companies are expected to allow more time to make their case before the interagency panel and at least some changes to potential rejected Huawei sales. The Commerce Department did not respond to requests for comment. A Huawei spokeswoman said the company does not have any insight into the licensing process at Commerce.
Loss after Huawei Blacklisting:
Ahead of the end of his presidency, the Trump administration denied 116 license applications worth $119 billion and approved four worth $20 million, according to a Commerce Department document dated Jan. 13 and seen by Reuters. Another 300 applications with stated values of $296 billion were pending, the document said.
Since Huawei’s blacklisting in 2019, the U.S. government approved about $87 billion worth of applications for sales to Huawei and denied $11 billion.
The figures above clearly show how much the business with Huawei is important to the U.S. companies and required them to make growth and earn revenue.
Recently, China’s Opple Lighting and Huawei Cloud signed a comprehensive cooperation agreement. The two companies will combine Huawei Cloud technologies for cloud computing, smart IoT, AI, and digital transformation practices.
The criteria of this agreement are to carry out comprehensive cooperation in Opple Lighting’s digital transformation, smart stores, digital supply chain, and security construction to achieve complementary advantages.
Opple Lighting has made steady progress in the digital transformation of enterprises and achieved certain results.
In 2021, Opple Lighting will fully launch the transformation of digital intelligence and is committed to promoting the comprehensive digitalization of enterprises through the promotion of three major topics:
- Marketing digitalization
- Supply chain digitalization
- Digital operation
Currently, it has achieved continuous optimization of enterprise operating efficiency, the rapid growth of smart lighting-related business scale, promoted iterative upgrading of technological innovation and empowered high-quality development of enterprises.
Opple Lighting actively promotes the application of smart technologies such as cloud computing, IoT, AI, and AR in the park, and has basically adapted the amortization of fire protection applications and workshop management in the production base.
Among these, South China Park will see digital, intelligent, green, and low-carbon 5G smart park, inherit the smartness of the whole process, comprehensively improve the efficiency of the supply chain, and strive to become the industry benchmark for intelligent manufacturing.
In recent years, the rapid development of artificial intelligence has affected all walks of life.
Intelligent lighting has become the core component of the whole house intelligent system because of its high efficiency and compatibility, multi-scene coverage, automatic dimming, and atmosphere creation, and it has accelerated its integration into home life.
As a leading company in the lighting industry, Opple Lighting invests an average of more than 300 million yuan in research and development each year.
It has always regarded intelligent lighting as an important strategy for enterprise development and has won the National Key Laboratory, National Enterprise Technology Center, National High-tech Enterprise, and Zhongshan City Recognition of digital intelligent demonstration factory.
This cooperation between Huawei and Oppo Lighting is based on the professional capabilities to explore more possibilities for digitalization and intelligence to help enterprises develop in a win-win manner.
It also integrates the practical experience and technology of both parties over the years and fulfills the development mission.
Work Together:
In the future, Opple Lighting will work together with Huawei to create better industry solutions and provide consumers with intelligent, personalized, and high-quality smart home new experiences.
Moreover, Apple Lighting will continue to increase its exploration in the field of intelligence, build an open and interconnected home ecology with more partners in the smart ecosystem, empower the high-quality development of the industry with digital innovation, and continue to create value with light.
Huawei officially confirmed that a new flagship store Wuhan Dream Times will open soon. This new Huawei flagship store has a unique “spaceship” shape to create a romantic sense of technology.
The flagship store has a very interesting feel of technology. There’s also an audio experience area, which is launched for the first time. This section will allow visitors to enjoy the concerts and songs privately.
The new spaceship shape Huawei flagship store has five major specialties. These include a cafe area with comfort for leisure inside. There’s also a sports section with various equipment and a health-inspiring environment.
The store also brings a one-stop service section, which will help people to resolve issues and get a repair for their devices including smartphones and others.
According to Huawei’s official website, the new Huawei flagship store Wuhan Dream Times Store is located at B101 and B201, Area B, Wushang Dream Times Square, No. 628 Wuluo Road, Wuchang District, Wuhan City, Hubei Province.
Its business hours are Monday to Thursday 10:00-21:30, Friday 10:00-22:00, Saturday 9:30-22:00, and Sunday 9:30-21:30.
During the recent Huawei Spring Flagship New Product Launch Conference, Huawei CBG CEO Yu Chengdong announced that the third largest Huawei flagship store in the country – Huawei Flagship Store Wuhan Dream Times will officially open on March 30.
It is in the middle of the “Wu Shang Meng Era” complex and it has a two-story design. It also displays Huawei’s latest technology and smart products. The store also comprises smart life scenarios such as smart travel, smart office, smart home, audio-visual entertainment, sports, and health.
During a recent Huawei Investment Holdings labor union meeting, the company came to an election for a new board of directors. Also, Huawei CFO, Meng Wanzhou is elected to start her first rotating chairwoman tenure on April 1.
We’ll share all of the new board members and Huawei management as a part of Huawei’s future growth.
Huawei’s new board chairman and board members were elected by voting at the shareholder representative meeting. Subsequently, the company’s board of directors held a meeting and selected the vice chairman and executive director, and confirmed the attendance of the executive director.
Under the process, the Vice-Chairman and the Managing Director choose the Executive Board. Below are some of them
The board members include Liang Hua, Xu Zhijun, Hu Houkun, Meng Wanzhou, Wang Tao, Zhang Pingan, Yu Chengdong, Li Jianguo, He Tingbo, Zheng Liangcai, Ren Zhengfei, and more.
Huawei’s board of director consist of vice chairman Xu Zhijun, Hu Houkun, and Meng Wanzhou. These are the only three rotating chairmen of the company and each will serve 4 months’ tenure in a single year. Responsibilities are performed in turn in the following order:
- Meng Wanzhou: April 1, 2023 to September 30, 2023
- Hu Houkun: October 1, 2023 to March 31, 2024
- Xu Zhijun: From April 1, 2024 to September 30, 2024
Here are the members of the new Huawei Board of Directors:
Liang Hua, Xu Zhijun, Hu Houkun, Meng Wanzhou, Wang Tao, Zhang Pingan, Yu Chengdong, Li Jianguo, He Tingbo, Zheng Liangcai, Ren Zhengfei, Tao Jingwen, Bloomberg, Zha Jun, Hou Jinlong, Yang Chaobin, and Ying Weimin.
Let’s check Chairman, Vice Chairman, Executive Director, Attending Executive Director, and Director.
- Chairman: Liang Hua
- Vice Chairman: Xu Zhijun, Hu Houkun, Meng Wanzhou
- Executive Directors: Wang Tao, Zhang Pingan, Yu Chengdong, Li Jianguo
- Attending executive directors: He Tingbo, Zheng Liangcai
- Directors: Ren Zhengfei, Tao Jingwen, Bloomberg, Zha Jun, Hou Jinlong, Yang Chaobin, Ying Weimin
Alternate directors
There are 11 alternate directors elected by the shareholder representative at the meeting: He Gang, Bai Yi, Cao Jibin, Zhou Hong, Bian Honglin, Jin Yuzhi, Lu Yong, Zou Zhilei, Jiang Yafei, Hu Kewen, and Wang Huanan.
Whenever there’s a requirement for a director, these alternate directors will fill in the blanks according to the company’s internal procedures.
(via)
