Huawei


US 'China hawks' urge Huawei treatment for other firms

US 'China hawks' urge Huawei treatment for other firms

(ATF) Hawkish members of the US Congress are urging President Joe Biden's administration to restrict sales of chip-making tools to Chinese companies by taking action similar to that used against telecommunications equipment maker Huawei Technologies Co.Representative Michael McCaul of Texas and Senator Tom Cotton of Arkansas, both Republicans, said the …

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Huawei says its first self-driving car 'HI' surpasses Tesla

Huawei says its first self-driving car surpasses Tesla

(ATF) Autonomous-driving technology developed by Huawei has surpassed Tesla’s in some aspects – such as enabling cars to cruise for more than 1,000 kilometers (620 miles) without human intervention, rotating chairman Eric Xu told analysts in Shenzhen on Monday.Xu also called for leaders around the world to restore collaboration on …

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HSBC reaches deal with Huawei's Meng over dispute

HSBC reaches deal with Huawei's Meng over dispute

(ATF) HSBC and Huawei Technologies' chief financial officer Meng Wanzhou have reached an agreement in a dispute about the publication of documents relating to US fraud allegations against her, their lawyers told a Hong Kong court.The legal dispute reached the Hong Kong court last month after a British judge in …

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A glimpse at China's burgeoning edge cloud market

A glimpse at China's burgeoning edge cloud market

According to CNNIC, a national IT think tank, China had more than 989 million Internet users by the end of 2020, accounting for approximately 70% of the country's total population, although that figure only stood at 909 million a year ago. The Covid-19 crisis has clearly contributed to an accelerated …

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Smartphones, high-end consumer goods boost Samsung results

Smartphone, high-end consumer goods boost Samsung results

(ATF) Samsung Electronics has reported an expected 44% rise in first-quarter profit on strong sales of smartphones and home appliances. The South Korean giant's upbeat earnings forecast came a day after rival LG Electronics announced it would quit the smartphone business.Operating profit reached 9.3 trillion won ($8.2 billion) in the …

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Huawei records modest 2020 growth as US sanctions take a toll

Huawei records modest 2020 growth as US sanctions take a toll

(ATF) Chinese telecom giant Huawei Technologies reported 3.8% revenue growth for 2020, its slowest annual increase in the past decade, amid the global pandemic and intense pressure on its supply chain from US trade sanctions. The Shenzhen-based company reported on Wednesday 891.4 billion yuan (US$136.7 billion) in group revenue. Net …

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Huawei grabs payment licence by buying Shenzhen payments firm

Huawei grabs payment licence by buying Shenzhen payments firm

(ATF) Huawei has become the latest in a long list of Chinese tech companies to obtain a payment licence in a move that analysts say will enable the company to set up a foundation for a foray into the finance sector. Information posted to the business data platform Tianyancha last …

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Canada puts up barriers to Chinese mineral company acquisitions

Canada puts up barriers to Chinese mineral company acquisitions

(ATF) Canada has tightened foreign investment rules to protect the security of critical mineral supply chains, in a further blow to Chinese companies as relations between the two countries continue to sink.A government spokesperson said on Thursday that the move was made ahead of an expected surge in demand for …

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More Chinese telcos in the sights of US regulators

More Chinese telcos in the sights of US regulators

(ATF) US regulators have begun legal proceedings that could block three more Chinese state-owned telecom companies of the right to operate in the United States.The three firms – China Unicom America, Pacific Networks and ComNet – failed to adequately prove their American operations were not subject to "undue influence" from …

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Huawei announces 5G royalty rates for smartphone makers

Huawei announces 5G royalty rates for smartphone makers

(ATF) Huawei Technologies has announced royalty rates for the use of its 5G phone technology for the first time, in a move its chief legal officer said was an effort to increase transparency at an event on Tuesday. The company said it will charge “a reasonable percentage royalty rate of …

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