Huawei vows to expand, survive in sustainable way

Huawei has pledged to survive sustainably with an expanded business portfolio and increased input in technology innovations despite mounting headwinds this year.

Rotating Chairman Ken Hu said at its Global Analyst Summit on Tuesday that a major goal of Huawei this year is to survive sustainably despite mounting external challenges such as the pandemic, global inflation and geopolitical upheavals.

Due to a lack of chips caused by the US ban, Huawei's smartphone business has declined sharply over the past two years, a real regret – not just for Huawei, but for the broad consumers, Hu said.

“At the same time, however, it also gave us the opportunity to rethink our device business and how we can provide consumers with greater value,” Hu said.

The sanctions imposed by the US government have brought Huawei a lot of trouble, with “striving for survival” being the company's distinctive voice in recent years.

However, it did not stop Huawei from moving forward as the difficulties stimulated its determination to invest in the future, Jiang Junmu, a Shanghai- based veteran industry expert and close follower of Huawei, told the Global Times.

In an effort to find more sources of income and shake off the effects of the US ban, Huawei has kept expanding its business domains and innovation efforts. Under the US ban, which shut Huawei out from having access to advanced chips and other components, the company has been shifting focus to systems engineering and driving breakthroughs.

At the meeting, Huawei announced its vision to increase bandwidth, bringing a 10 gigabit/ second experience everywhere; break through existing bottlenecks in computing performance, and develop more intelligent devices other than cellphones.

Last year, Huawei's revenue from its consumer business fell 49.6 percent year- on- year to 243.4 billion yuan ($ 37.19 billion).