Huawei focusing on cloud business which still has access to U.S. chips: FT
(Reuters) – Chinese telecoms instruments maker Huawei Technologies Co Ltd is focusing on its budding cloud business, which still has access to U.S. chips no matter sanctions in opposition to the company, to secure its survival, the Financial Times newspaper reported.
Huawei’s cloud computing business sells computing power and storage to companies, along with giving them access to artificial intelligence, and has been rising shortly, the newspaper reported on Sunday, citing sources.
In January, Huawei put the unit on an equal footing with its smartphones and telecoms instruments corporations, the FT reported https://on.ft.com/3hHJC3Y.
The unit was stepping up its selections and Beijing will increasingly assist the company by way of public cloud contracts, in accordance to the report.
The administration of U.S. President Donald Trump has restricted know-how exports to Chinese companies particularly, notably Huawei, citing nationwide security risks.
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