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The main task of the Chinese technology company Huawei should be to survive over the next three years in the face of the prospect of a global economic downturn, the founder of the company said. Ren Zhengfei.
In an article published on the firm’s intranet and subsequently cited by an economic news portal. Itzaithe executive asked to “go into survival mode in 2023 or even before 2025.”
To do this, Ren called for a shift in corporate strategy focusing on sales scalability to focus on profits and cash flow.
Ren Zhengfei expects changes at Huawei
founder huawei said the company would reduce or even close non-priority businesses and cut jobs at its headquarters in Shenzhenin southeast China.
“It is not yet clear whether we can take a step forward over this period … We must get rid of all illusions, especially when it comes to business forecasts,” he added.
In recent years, huawei affected by the restrictions imposed american government — who considers it a national security threat due to alleged ties to Chinese intelligence, as well as the impact of the COVID-19 pandemic.
In 2021, turnover fell by 28.5% compared to the previous year.
Huawei plans
It’s not all bad news huawei, who managed to increase their sales for the first time since USA tightened sanctions in 2020.
“In the future, we will take advantage of the digitalization and decarbonization trends to continue creating value for our customers and partners to ensure quality development,” said Ken Hu, Chairman of the Board huawei.
USA vs. Huawei
Administration Trump unleashed a storm of harsh sanctions against Huawei.
In May 2019, the company closed access to huawei to products developed by American companies. This includes Google mobile services, although Huawei retains access to Google products. microsoft after receiving an exception.
In August 2020, the US increased sanctions, specifying that huawei could not access products that use any technology developed in the United States. This largely cut off their access to semiconductor devices.
huawei keep betting Cell Phones development of own operating system (HarmonyOS) and own repository (AppGallery), although he had to make difficult decisions such as letting go Honour, which is now an independent brand.
While the telephone sector huawei affected by these sanctions, product lines such as PC no problems accessing processors Intel or amd and products Microsoft.
According to EFE
Source: RPP
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.