Despite being hit with ‘bruised’, Huawei still plots to retake the smartphone ‘throne’

Huawei Technologies Chairman Guo Ping said in a recent message that despite US sanctions that have strangled the smartphone business, the group will not give up and plans to eventually become a recaptured the “kingdom” of the industry.

“Everyone knows that phone chips need advanced technology with small size and low power consumption. Huawei can design it, but no one can help us implement it: We are stuck. “, Guo Ping’s share is quoted in a recent report, which contains Q&A with employees.

However, Guo added that the problem is solvable.

“Huawei will continue to exist in the mobile phone sector, and with the continued advancements in chip manufacturing, the smartphone crown will eventually return,” he said.

Chairman of Huawei Technologies, Guo Ping.

According to research firm Canalys, Huawei, once the world’s largest smartphone vendor, fell out of the Top 5 sales list in the Chinese market in the latest quarter, for the first time in more than seven years. .

It all started in 2019, when former US President Donald Trump accused Huawei of being a threat to national security, put the company on an export blacklist and banned it from accessing vital technology origin from America. This has affected the ability to design chips themselves and source components from external suppliers.

In November last year, Huawei had to sell off its low-end smartphone brand Honor – a move aimed at staying in business.

Huawei’s revenue fell 29% in the first half of this year, the steepest drop ever, with revenue from the consumer business group including smartphones, down 47% to about $21 billion. .

Refer to Reuters