Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road
Company

Huawei to optimize portfolio to boost resilience

April 13, 2021


Abstract : Chinese tech giant Huawei will optimize its portfolio to boost business resilience among five strategic initiatives in a bid to navigate a challenging environment, Huawei's rotating chairman Eric Xu said Monday.

A staff member tests the speed with a Huawei 5G mobile phone at Huawei 5G Innovation and Experience Center in London, Britain, on Jan. 28, 2020. (Xinhua/Han Yan)

SHENZHEN, April 12 (Xinhua) -- Chinese tech giant Huawei will optimize its portfolio to boost business resilience among five strategic initiatives in a bid to navigate a challenging environment, Huawei's rotating chairman Eric Xu said Monday.

Huawei will particularly strengthen its software engineering capabilities and reduce the demand of and dependence on chips. So said Xu at Huawei's 18th Global Analyst Summit in Shenzhen, held on Monday.

Among the other four strategic initiatives, Huawei will maximize 5G value and define 5.5G with industry peers to drive the evolution of mobile communications. It will provide a seamless, user-centric, and intelligent experience across all user scenarios.

The Shenzhen-headquartered company will also innovate to reduce energy consumption for a low-carbon world and address supply continuity challenges, Xu said.

Xu also urged the rebuilding of trust in the global semiconductor industry. He warned that the current global chips shortage, a result of chip-stockpiling by many companies over factors including U.S. sanctions on Huawei, may trigger a bigger global crisis in the future.

"Rebuilding trust and restoring collaboration across the global semiconductor supply chain is crucial to bringing the industry back on track," said Xu.

Huawei posted slower earnings growth over the U.S. export restrictions. In 2020, its global sales revenue rose by 3.8 percent, year on year, to 891.4 billion yuan (about 136 billion U.S. dollars), while net profit gained 3.2 percent, year on year, to 64.6 billion yuan. So said the company's 2020 financial report.

More than 400 guests joined the event on-site. They included industry and financial analysts, key opinion leaders, and media representatives, along with analysts and media representatives from around the world who attended online.

Scan the QR code and push it to your mobile phone

Keyword: Huawei

Reading:

China Focus: China's tech firms explore building zero-carbon internet

Huawei posts steady growth in 2020

China's manufacturing heartland accelerates digital transformation

Chinese tech giant Huawei expands 4G telecom services to NW Ethiopia

​Zhuhai high-tech zone joins hands with Huawei to develop smart vision industry

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial