Huawei’s business has been hit by international sanctions, but the world needs Huawei more than it realises, says IMD Business School’s Mark Greeven.
Huawei doesn’t hold all the cards in the telecom industry either – it still lags behind US companies in manufacturing semiconductor chips. Taking advantage of this, Washington on May 15all manufacturers from shipping chips with American technology to Huawei without a US government license.
Even with a boycott on their 5G base stations and infrastructure, foreign companies need to pay hefty fees to use Huawei’s intellectual property. Huawei is integral to the 5G industry because of it owns much of the core technology and the means for implementing them. At home, the lack of Google services is also not a problem for 800 million smartphone users. As a matter of fact, China’s localised ecosystem of superapps is more attractive than Google services, often to the envy of foreign users.
Under the radar of global press, Beijing is promoting these markets for Chinese business and investment through the Belt and Road Initiative.
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