The U.S. campaign against China's Huawei is having little impact on the com...
SHENZHEN/HONG KONG - The U.S. campaign against China’s Huawei is having little impact on the company’s sales and it is unlikely many countries will follow the United States in banning Huawei from building next-generation mobile networks, its rotating Chairman Eric Xu said.
While Australia has banned Huawei from 5G networks over security concerns, European Union countries such as Germany and France have indicated they are likely to ignore the U.S. call to shut out the telecoms giant.Xu affirmed that Huawei’s revenue jumped 36 percent over the first two months of 2019 and was set for a 15 percent annual spike to $125 billion, underlining strength in its smartphone business and sales of computing and communications networks.
Huawei is the world’s third-largest buyer of computer chips, many of which come from U.S. companies, and a sales ban would be disruptive to the global tech industry, Xu said. Reuters reporters were invited on Monday to peruse files in Huawei’s “share registry room” where it keeps records on tens of thousands of employee shareholders.
Reuters also toured Huawei’s new campus in Dongguan, near Shenzhen, that features buildings modeled on European cities including Paris and Heidelberg, connected by a special train imported from Switzerland. Future growth will also come “primarily” from these, Xu said, with sales of equipment to telecom carriers growing at single digit rates.On Huawei’s semiconductor operations, HiSilicon, Xu said the unit produced more than $7.5 billion worth of chips last year. That compares with an estimated $21 billon of chips that Huawei acquired from outside vendors.
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