{"id":27513,"date":"2020-05-18T11:06:24","date_gmt":"2020-05-18T11:06:24","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=281231"},"modified":"2020-05-18T11:06:24","modified_gmt":"2020-05-18T11:06:24","slug":"huawei-focuses-on-survival-as-us-turns-screws","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2020\/05\/18\/huawei-focuses-on-survival-as-us-turns-screws\/","title":{"rendered":"Huawei focuses on survival as US turns screws"},"content":{"rendered":"

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\tCOVERAGE FROM HUAWEI GLOBAL ANALYST SUMMIT 2020, SHENZHEN: Huawei rotating chairman Guo Ping (pictured) acknowledged difficulty in winning global contracts since being added to a US trade blacklist [1], with a $12 billion gap in 2019 revenue compared with its original target as its growth rate slowed.<\/p>\n

The company focused on \u201cfixing the holes\u201d in its operation exposed by the US action and boosted R&D spending by 30 per cent. He said its supply chain and operations had not been disrupted despite the lower sales.<\/p>\n

A US Department of Commerce move on 15 May to restrict access [2] to components produced overseas using US software and technology would inevitably further impact Huawei’s business, the executive said: \u201cIf the US government persists in attacking Huawei, what will that bring to the world?”<\/p>\n

He explained Huawei is studying and evaluating the latest move, but noted uncertainty around this and other matters made it impossible to provide a financial forecast for 2020.<\/p>\n

But, he noted the challenges of the past 12 months helped “toughen our skin\u201d, with survival becoming the keyword and the company \u201cconfident about finding a solution soon\u201d.<\/p>\n

Global links
\nGuo said Huawei is committed to a strategy of diversification after purchasing $18.7 billion-worth of goods from US companies in 2019, as it looks to build a more competitive supply chain. “We have taken digital technology out of the irony tower and accelerated global adoption. We deployed more than 1,500 network contracts in more than 70 countries.\u201d<\/p>\n

In the long run, he said moves against leading companies in other countries will shake confidence in using US technology, escalate conflict in global industries and, ultimately, hurt US interests.<\/p>\n

“We now live a highly integrated globalised world, and this process shouldn’t and will not likely be reversed. As we enter into a more intelligent world, we see more opportunities for cooperation than competition.\u201d<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/huawei-lands-on-us-trade-blacklist\/
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/us-eats-into-huawei-chips-china-considers-counter\/<\/p>\n\n

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COVERAGE FROM HUAWEI GLOBAL ANALYST SUMMIT 2020, SHENZHEN: Huawei rotating chairman Guo Ping (pictured) acknowledged …<\/p>\n

The post Huawei focuses on survival as US turns screws<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":248,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Huawei focuses on survival as US turns screws - ITTeacherITFreelance.hk","description":"COVERAGE FROM HUAWEI GLOBAL ANALYST SUMMIT 2020, SHENZHEN: Huawei rotating chairman Guo Ping (pictured) acknowledged ... The post Huawei focuses on survival as"},"footnotes":""},"categories":[11,8,21],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/27513"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/248"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=27513"}],"version-history":[{"count":2,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/27513\/revisions"}],"predecessor-version":[{"id":27548,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/27513\/revisions\/27548"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=27513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=27513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=27513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}