Huawei Chairman optimistic about returning to smartphone 'throne' despite crippling sanctions

Posted by News Room On Thursday, August 19, 2021 0 comments


 The Chairman of Huawei Technologies said while U.S. sanctions have choked its smartphone business, it will not give up and plans to eventually return to the industry's "throne".

Former U.S. President Donald Trump in 2019 accused Huawei of being a threat to national security. He put it on an export blacklist and barred it from accessing critical technology of U.S. origin, affecting its ability to design its own chips and source components from outside vendors.

 "Everyone knows that phone chips need advanced technology in a small size with low power consumption. Huawei can design it, but no one can help us make it: we're stuck," Huawei Chairman Guo Ping was quoted as saying in a transcript of a recent Q&A with staff seen by a news source.

 

Guo added, however, that the problems were solvable.

 

"Huawei will continue to exist in the field of mobile phones and with continuous advances in chip production, the smartphone throne will eventually return," he said.

 As per Canalys report, Huawei was the world's biggest smartphone vendor but was dropped out of the ranks of China's top five sellers in the latest quarter, the first time in more than seven years.

In November, Huawei sold off its lower-end smartphone brand Honor - a move aimed at keeping the business alive.

0 comments:

Post a Comment