After sanctions, Huawei turning to businesses less reliant on high-end U.S. tech
By David Kirton
SHENZHEN, China (Reuters) -Chinese telecoms gear maker Huawei Technologies is making enterprise resilience its excessive priority with a push to develop its software program program capabilities as a result of it seeks to overcome U.S. restrictions which have devastated its smartphone enterprise.
Huawei was put on an export blacklist by former U.S. President Donald Trump in 2019 and barred from accessing important know-how of U.S. origin, affecting its potential to design its private chips and provide parts from exterior distributors.
The ban put Huawei’s handset enterprise beneath immense stress.
The agency harbours “no expectation” of being away from the Entity List beneath the administration of U.S. President Joe Biden, and is now attempting to develop completely different traces of enterprise after spending the ultimate yr in survival mode, the company’s rotating chairman Eric Xu acknowledged on …