Huawei is trying to open up new markets and businesses after US tech export restrictions gutted its smartphone business — briefly the world’s largest — and curtailed the sale of advanced gear in developed markets.
Among those trade restrictions is a ban on contract chipmakers producing semiconductors designed by Huawei, effectively kneecapping its HiSilicon design business.
That about-face has spurred concerns about the fallout on economies from a subsequent surge in infections.He didn’t specify how the company might overcome export restrictions, but Huawei has spent much of the past three years developing, researching and sourcing alternatives to American components. “The macro environment may be rife with uncertainty, but what we can be certain about is that digitalization and decarbonisation are the way forward, and they’re where future opportunities lie.”
It began levying royalties from the world’s biggest smartphone brands, including Apple Inc. and Samsung Electronics Co.
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