Monday, November 16, 2020

Can the new US president save Huawei?

 The emergence of Joe Biden as future president, replacing the president during the United States (US) laid down hopes for Huawei to return to peace with the country.

As Huawei Carrier Business Group chief technology officer Paul Scanlan has charged, changes in state governance will open up opportunities to clear up commercial relations.

Huawei stated that it is willing to open the device if the US empire, including the administration of foreign countries, wants to carry out checks on the inside of their technology products.

Be aware that the administration of Trump has made a barrier against Huawei, the Chinese firm in August, because he doubted the country's safety by using the company's technology.

Since then, Huawei has faced tremendous pressures that cost global suppliers more tail than the US supply chain attack.

Huawei's revenue for the first 9 months of 2020 totaled 671.3 billion yuan ($ 98.57 billion), an increase of only 9.9% from 610.8 billion yuan for the same period of 2019. The growth was very slow because for the first 9 months of 2019, Huawei's profits increased by 24.4% .

When the firm's net profit only posted a record 8% for the first 9 months of 2020, it is down from 8.7% for the same period for 2019.

The US action to block Huawei caused a domino effect, one by one outside countries such as Sweden, France and the United Kingdom (UK) participated in implementing restrictions on the firm's 5G technology.