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☆ Mate 70: Huawei seals post-Android comeback by unveiling new phone with its own software
▼ + stars: | 2024-11-26 | by ( Juliana Liu | ) edition.cnn.com time to read: +4 min

The new Mate 70 smartphone, which starts at 5,499 yuan ($760), features the HarmonyOS Next operating system, which no longer supports Android-based apps. The Mate 70 represents a “critical step” in Huawei’s software evolution, Lucas Zhong, research analyst at Canalys, told CNN. The shift away from the Android ecosystem “will be essential for Huawei to maintain momentum in the premium segment, solidify consumer loyalty, and attract potential platform switchers,” he said. Major Chinese tech companies have reportedly gotten on board, hiring developers to create compatible apps. “If no one uses it, no matter how advanced the operating system is, it will have no value,” he said, according to a Wechat post.

Persons: ” Richard Yu, Lucas Zhong, ”, Canalys, Eric Xu, Xu, Mengmeng Zhang Organizations: Hong Kong CNN, Huawei, Washington, CNN, Counterpoint Research Locations: China, Hong Kong, United States

☆ China's Huawei partners with more automakers to produce Aito EVs
▼ + stars: | 2023-04-01 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, April 1 (Reuters) - China's Huawei Technologies (HWT.UL) is partnering with more legacy automakers to produce Aito-branded electric cars, the company's senior executive said on Saturday, in a move to expand its presence in the auto industry. Huawei will team up with Chery Automobile (CHERY.UL), BAIC Motor (1958.HK) and Anhui Jianghuai Automobile Group (600418.SS) in jointly developing and manufacturing Aito-branded vehicles, Richard Yu, Huawei's Smart Car CEO, said at the China EV 100 forum in Beijing. Huawei, which has already a partnership with Seres Group (601127.SS) to make Aito cars, plans a series of models including SUVs, sedans and multipurpose vehicles under the Aito brand, Yu added. Huawei has been hit by a series of export controls by Washington which says it is a security risk, which the company denies. The sanctions have also affected Huawei's partnerships with global automakers, who have given up using Huawei's vehicle connectivity technologies in the past two years, Yu said on Saturday.

☆ China's Huawei says 'out of crisis' mode as revenue edges up
▼ + stars: | 2023-03-31 | by ( David Kirton | ) www.reuters.com time to read: +3 min

But it posted net profit of 35.6 billion yuan ($5.18 billion), down some two-thirds from 2021 when profit was helped by the sale of its Honor mid-range smartphone business. INDUSTRY SUPPORTR&D spending over the year rose 13.2% to 161.5 billion yuan ($23.50 billion), equivalent to a quarter of company revenue. Such spending helped Huawei with replacing components in its products that were hit by U.S. trade sanctions, Meng said. Revenue for 2022 came in at 642.3 billion yuan. Huawei's asset-to-liability ratio was 58.9% and it had a net cash balance of 176.3 billion yuan.

☆ Huawei posts slump in annual profit but ekes out revenue growth
▼ + stars: | 2023-03-31 | by ( David Kirton | ) www.reuters.com time to read: +3 min

SHENZHEN, China, March 31 (Reuters) - China's Huawei Technologies Co Ltd (HWT.UL) said net profit slumped last year, as the tech conglomerate boosted research and development spending and grappled with increases in materials costs. It posted net profit of 35.6 billion yuan ($5.2 billion), down roughly two-thirds from 2021 when profit was helped by the sale of its Honor mid-range smartphone business. Revenue for 2022 came in at 642.3 billion yuan. R&D spending rose 13.2% to 161.5 billion yuan, equivalent to a quarter of the company's revenue, said Meng. Huawei's asset-to-liability ratio was 58.9% and it had a net cash balance of 176.3 billion yuan.

☆ Huawei says it’s ‘out of crisis mode’ even as profit plunges 69%
▼ + stars: | 2023-03-31 | by ( ) edition.cnn.com time to read: +2 min

Shenzhen, China Reuters —China’s Huawei Technologies said it was “out of crisis mode” as it posted a small increase in annual revenue Friday, though that was accompanied by a nearly 69% collapse in net profit. R&D spending over the year rose 13.2% to 161.5 billion yuan ($23.50 billion), equivalent to a quarter of company revenue. Such spending helped Huawei with replacing components in its products that were hit by US trade sanctions, Meng said. Revenue for 2022 came in at 642.3 billion yuan ($93.48 billion). While that represented mild growth over 2021, it was still far below the record 891.3 billion yuan ($129.72 billion) logged in 2019 when Huawei was the top Android smartphone vendor globally.

☆ China's chip industry will be 'reborn' under U.S. sanctions, Huawei says, confirming breakthrough
▼ + stars: | 2023-03-31 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

The U.S. has placed major chip export restrictions on Huawei and Chinese firms over the past few years. China's chip industry will be "reborn" as a result of U.S. sanctions, a top boss at Huawei said Friday, as the Chinese telecommunications giant confirmed a breakthrough in semiconductor design technology. "For Huawei, we will render our support to all such self-saving, self-strengthening and self reliance efforts of the Chinese semiconductor industry." "I believe China's semiconductor industry will get reborn under such sanctions and realize a very strong and self-reliant industry," Xu said. Experts previously told CNBC that the latest round of U.S. restrictions are likely to hurt China's semiconductor industry.

☆ Huawei reports biggest profit decline ever as U.S. sanctions, pandemic controls hit Chinese giant
▼ + stars: | 2023-03-31 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

But its profit plunged as pressure from U.S. sanctions and China's pandemic controls weighed on the Chinese technology giant. The Chinese telecommunications giant said net profit for 2022 totaled 35.6 billion yuan ($5.18 billion), a 69% year-on-year decline. Huawei reported on Friday its biggest annual decline in profit on record as U.S. sanctions continue to hit its business and strict pandemic controls in China weighed on the company. With challenges in both the carrier and consumer business, Huawei has sought to diversify the company into new areas. Huawei said its nascent "Intelligent Automotive Solutions" unit brought in 2.1 billion yuan in 2022.

☆ Huawei reportedly says it has developed domestic chip design tools despite U.S. sanctions
▼ + stars: | 2023-03-27 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Huawei reportedly said it has developed its own chip design tools, a move aimed at side-stepping U.S. sanctions and making the Chinese technology giant more self-sufficient in the semiconductor space. U.S. firms dominate the chip design tool market with companies like Synopsys and Cadence Design Systems . But in 2020, Washington, through sanctions, cut off Huawei from American chipmaking tools, which crippled the Chinese technology giant's smartphone business. Xu's speech said that the design tools would be for 14 nanometer chips and above. Pranay Kotasthane, chairperson of the high tech geopolitics program at the Takshashila Institution, told CNBC he would wait to see more details before knowing how effective Huawei's design tools are.

☆ U.S. stops provision of licences for export to China's Huawei - FT
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +1 min

Jan 30 (Reuters) - The Biden administration has stopped providing U.S. companies with licences to export to Chinese telecom equipment firm Huawei, the Financial Times reported on Monday, citing people familiar with the matter. The U.S. commerce department had notified some companies that it would no longer grant the licences, the report said. This potentially implies a move towards total ban on the sale of American technology to Huawei. The commerce department, Huawei and chip equipment maker Applied Materials (AMAT.O) did not immediately respond to Reuters requests for comment. In 2019, the Trump administration imposed a trade ban on Huawei, citing national security concerns, which barred the company from using Alphabet Inc's (GOOGL.O) Android for its new smartphones, among other critical U.S.-origin technologies.

☆ Huawei Says It Is Out of ‘Crisis Mode’ as Annual Revenue Stabilized
▼ + stars: | 2022-12-30 | by ( Dan Strumpf | ) www.wsj.com time to read: 1 min

HONG KONG—Huawei Technologies Co. said it has exited “crisis mode” following punishing U.S. restrictions, as it reported growth in its telecom infrastructure business and flat overall revenue for 2022. restrictions are now our new normal, and we’re back to business as usual,” said Eric Xu , Huawei’s current chairman, in a New Year’s message to employees that was released by the company.

☆ China's Huawei sees 'business as usual' as U.S. sanctions impact wanes
▼ + stars: | 2022-12-30 | by ( Josh Horwitz | ) www.reuters.com time to read: +2 min

"U.S. restrictions are now our new normal, and we're back to business as usual," Xu wrote in the letter that was addressed to staff and released to media. Revenue for the year is expected to be 636.9 billion yuan ($$91.53 billion), according to Xu. That represents a tiny increase from 2021, when revenue hit 636.8 billion yuan, and marked a 30% year-on-year sales tumble as the U.S. sanctions on the company took effect. The company continues to generate revenue via its networking equipment division, which competes with Nokia (NOKIA.HE) and Ericsson (ERICb.ST). The company began investing in the electric vehicle (EV) sector as well as green technologies around the time sanctions took effect.

☆ Huawei's 2022 revenue steady at $91.5 bln as U.S. sanctions impact wanes
▼ + stars: | 2022-12-30 | by ( ) www.reuters.com time to read: +1 min

Despite revenue increasing only marginally, rotating chairman Eric Xu struck an upbeat tone in the company's annual New Year's letter, where he revealed the figure. Revenue for the year is expected to be 636.9 billion yuan ($$91.53 billion), according to Xu. That represents a small increase from 2021, when revenue hit 634 billion yuan ($99.48 billion) and marked a 30% year-on-year sales tumble as the U.S. sanctions on the company took effect. Revenue for 2022 still remains well below the company's record of $122 billion in 2019. The company continues to generate revenue via its networking equipment and cloud divisions, and has steadily invested in the electric vehicle (EV) sector.

☆ China's Huawei sees 2022 revenue of $91.5 bln, up 0.4% -report
▼ + stars: | 2022-12-30 | by ( ) www.reuters.com time to read: 1 min

SHANGHAI, Dec 30 (Reuters) - Chinese smartphone maker Huawei expects its revenue for 2022 to reach 636.9 billion yuan ($91.53 billion), media outlet the Paper said on Friday, citing a public letter from rotating chairman Eric Xu. That marks a 0.4% increase from 2021, when the company reported revenues of 634 billion yuan. ($1=6.9582 Chinese yuan renminbi)Reporting by Josh Horwitz; Editing by Clarence Fernandez and Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

☆ China's Huawei slows its long decline under U.S. sanctions as revenues improve
▼ + stars: | 2022-10-27 | by ( David Kirton | ) www.reuters.com time to read: +2 min

Huawei posted revenue of 445.8 billion yuan ($62.03 billion)for the first three quarters, 10 billion yuan less than it saw in the same period a year earlier, the company said on Thursday. Revenue for the third quarter alone came to 144.2 billion yuan, up 6.5% on a year earlier, based on Reuters calculations. "The decline in our device business continued to slow down, and our ICT infrastructure business maintained steady growth." The company is now a bit player behind rivals, including its former budget unit Honor, which it sold in 2020. Huawei is pushing to develop other businesses that are less dependent on U.S. technology, including smart car components, energy efficiency systems and cloud services.

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