A federal judge in Texas on Tuesday ruled against Huawei’s legal challenge to a U.S. law that restricted the company to do business with federal agencies and their contractors.
The Chinese tech giant is disappointed by the decision and will to continue to search for further legal options, told a Huawei Spokesman to Reuters.
“While we understand the paramount significance of national security, the approach taken by the U.S. Government in the 2019 NDAA provides a false sense of protection while undermining Huawei’s constitutional rights. We will continue to consider further legal options,” says a Huawei spokesman.
Huawei filed the lawsuit in March 2019, saying a law is limiting its business in the US and is unconstitutional.
Huawei challenged the constitutionality of Section 889 of the 2019 National Defense Authorization Act (2019 NDAA), which prohibits the federal agencies and their contractors from purchasing Huawei’s equipment and services.
“Equipment and services are subject to advanced security procedures, and no backdoors, implants, or other intentional security vulnerabilities have been documented in any of the more than 170 countries in the world where Huawei equipment and services are used.” The lawsuit mentioned.
The U.S. is continuously alleging Huawei of being a security threat and pursuing allies countries to ban Huawei from the 5G network development, of which most of them have denied.
Huawei Hyperfusion business revenue exceeds 1.1 billion USD in H1 2022
The Hyperfusion business of Huawei is back on trend and has scored a good amount in its revenue. As per the latest information, the business server has quickly recovered from its traditional status and has exceeded revenue of 8 billion yuan [1.17 billion USD] in the first half of the year 2022.
You might be wondering where this new term ‘Hyperfusion’ has appeared. Well, Hyperfusion business server is the subsidiary institute of Huawei. The Chinese manufacturer has completely adopted the cooperation in September 2021.
Thereafter, in November 2021, the firm turned around from Huawei to handle things independently. Alternatively, it integrates and works on several technological concepts. For instance, industrial engineering design services, Internet of things technology research and development, and more.
According to the latest information, the business operators jointly held the first hyperfusion partner conference in Zhengzhou, today. Various companies such as Advanced Digital Communications, Beiming Software, Zhouyou Yunzhi, and Guangzhou Yaoheng have attended this event.
The officials of Huawei Hyperfusion business have organized the event for celebrating the success of the excellent revenue. Appreciating the deeds, the operators said that Hyperfusion has committed to becoming the world’s leading provider of computing services.
Hyperfusion recovered rapidly in the first half of 2022
Consequently, the Chairman and CEO of Hyperfusion – Liu Hongyun has expressed his satisfaction with the recovery of the business. Liu said the business has recovered quite rapidly in the first half of this year. It was capable of making more than 10 billion yuan [1.47 billion USD] orders and revenue of 8 billion yuan [1.17 billion USD].
Together, these efforts brought the company to the third rank in China, in terms of market share. Additionally, it has also gained more than 2000 superfusion employees and 5000 partners.
Liu believes that by relying upon the ecological concept of win-win cooperation, the Hyperfusion business will be able to create a great value creation platform.
Huawei Kirin maker’s market share declines, while Kirin 9000 runs out of stock
Huawei HiSilicon and Kirin 9000 are one of the best processors among different kinds of SoCs. So far, these chipsets provide the best performance and efficient functioning of the device. But seems like, the market value for the respective chipsets isn’t going in the same way as they were before.
That says the report of CINNO Research which showcases the China smartphone SoC shipments in the first half of 2022. Alternatively, the share market for the processors has gone down to 16.9 percent this year, with a sale of 134 million units.
According to this report, the Chinese tech giant has attained a huge decline in the market share of Huawei HiSilicon and Kirin 9000 processors. Going with the status, HiSilicon received a decrement of 81.5 percent on the yearly basis, which is the largest year-on-year decline.
In comparison to the previous year, the shipment of Huawei HiSilicon has fallen from 21.4 million to just 4 million units. On the other hand, the Kirin 9000 chipsets are no longer available for an unlimited period. Although the company hasn’t emitted any word on this subject till now, we are waiting to see the return of the king of Huawei processors.
MediaTek and Qualcomm are still at the top!
In this outcome, MediaTek and Qualcomm again managed to remain in the top two positions. As per the information, MediaTek gained 42.1 percent of its share market profit with 56.6 million shipments. Following the lead, Qualcomm scored about 35.3 percent of success with the shipment of 47.4 million units.
Thereafter comes Apple with a 16.3 percent increase, ranking at the third position. Despite several challenges, Huawei HiSilicon possibly made its place in the top five smartphone SoC vendors ranking. Yet, we cannot forget that among the top five brands, HiSilicon is the one to obtain share decline.
This time, the SoC market has been affected in overall aspects. But, Huawei has to make some powerful strategies to step back in the market with the same superiority and magic in its processor. Since there are already several competitors waiting outside the door.
Huawei gains 44.7 trillion USD sales revenue in first half of 2022: Report
Huawei has scored a sales revenue of 301.6 billion yuan (44.7 trillion USD) in the first half of 2022. Alongside, the company has also fruitfully gained a net profit margin of 5.0 percent, while the revenue overall continues to clamp down.
The Chinese manufacturer brought down the unaudited financial report, yesterday. Describing the odds and evens, Huawei said that the 2022 sales revenue report, as well as its operating results, seems to be on the right track for the moment.
Apart from the sales revenue, the company has also showcased the data of operator business and enterprise business income. Alternatively, the operator’s business income is 142.7 billion yuan (21.1 trillion USD) and the enterprise business income is 101.3 billion yuan (15.02 trillion USD).
Comparatively less, but good!
If we go into the flashback, the company has come one step down from its previous outcomes. In the first half of 2021, Huawei has obtained a sales revenue of 320.4 billion yuan (47.5 trillion USD) with a net profit margin of 9.8 percent.
On the flip side, in the previous year, the scoreboard for operator business income and enterprise business income displayed the achievement of 136.9 billion yuan (20.3 trillion USD) and 42.9 billion yuan (6.36 trillion USD) respectively.
Yet, Huawei believes that the overall performance and the result of the company in the first half of this year are quite running as per the expectations of the company. And soon the company will exhibit some more master strokes in the time ahead.
Giving depth to the words and success, the Rotating Chairman of Huawei – Hu Houkun expressed his cheerfulness in the following words:
“Although the terminal business has been greatly affected, the ICT infrastructure business has maintained steady growth. We will actively seize the development trend of digitalization and low-carbon development, and achieve quality by creating value for customers and partners.”
On the other hand, the company has also shown its gratitude towards the consumers who kept supporting the products and made them stand at the top position in the market.
“Thanks to customers and partners for their trust and support to Huawei. In 2022, the external environment will be complex and changeable, and operations will face great challenges. Huawei will work closely with customers and partners around the world to overcome the difficulties together.”