The chairman of Huawei Technologies said that although US sanctions stifled his smartphone business, it will not give up and plans to eventually return to the “throne of the industry.”
In 2019, former US President Donald Trump accused Huawei of being a national security threat, blacklisted it and denied it access to critical technology of US origin, affecting its ability to use its own chips develop and purchase components from external providers.
“Everyone knows that phone chips require advanced, small-sized, low-power technology. Huawei can develop it, but no one can help us: We are stuck, “said Huawei boss Guo Ping in a copy of. cites a recent Q&A with employees seen by Reuters.
However, Guo added that the problems are solvable.
“Huawei will continue to exist in the cell phone space, and with the continued advances in chip production, the smartphone throne will return at some point,” he said.
Huawei, once the world’s largest smartphone vendor for a short time, dropped out of the ranks of the five largest sellers in China for the first time in more than seven years, according to market research firm Canalys.
In November, Huawei sold its lower smartphone brand Honor – a move aimed at keeping the business alive.
Huawei sales slumped 29 percent in the first half of this year, the biggest drop ever, with sales of its consumer group of companies, which includes smartphones, up 47 percent to CNY 135.7 billion Billion rupees) fell.
© Thomson Reuters 2021