Technology company Huawei said it is bolstering its enterprise portfolio and looking at making significant investments in software development, revealed Eric Xu, rotating chair, Huawei at the recently concluded 18th Global Analyst Summit held in Shenzhen, China.
While its mobile business is facing a further slump as a result of the US sanctions under former President Donald Trump, the company will channel its efforts in “businesses that are less reliant on advanced process techniques, as well as in components for intelligent vehicles.”
“Rebuilding trust and restoring collaboration across the global semiconductor supply chain is crucial to bringing the industry back on track,” said Xu. “Moving forward, we will continue to find ourselves in a complex and volatile global environment. The resurgence of COVID-19 and geopolitical uncertainty will present ongoing challenges for every organization, business, and country. We believe deeply in the power of digital technology to provide fresh solutions to the problems we all face. So we will keep innovating and driving digital transformation forward with our customers and partners to bring digital to every person, home, and organization for a fully connected, intelligent world.”
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5G is one of Huawei’s most stable businesses the past year because as the world goes on lockdown, people and organizations relied heavily on the internet and connectivity. The company will maximize its 5G value and define 5.5G with industry peers to drive the evolution of mobile communications. Expecting that the current remote work setup is in here for the long haul, 5G will be an essential technology and Huawei wants to provide a seamless, user-centric, and intelligent experience across all user scenarios.
Huawei is trying to address the pain points of the new business landscape.
“In the decade to come, we can expect to see many great improvements in society. To promote these efforts, we hope to join forces with different industries, academia, research institutes, and application developers to address the universal challenges facing humanity,” said Wiliam Xu, director of the board and president of Huawei’s Institute of Strategic Research. “With a shared vision, we all have a role to play as we explore how to make connections stronger, computing faster, and energy greener. Together, let’s march ahead towards an Intelligent World in 2030.”
In his keynote, Xu highlighted Huawei’s outlook on the intelligent world of 2030, including nine technological challenges and proposed directions for research efforts.
Xu said Huawei is exploring the 5.5G to support hundreds of billions of different kinds of connections especially as the Internet of Things (IoT) is already kicking in and 5G devices are getting into the mainstream. And because of that, the company is on the road to developing nanoscale optics for an exponential increase in fiber capacity needed for network connection.
With IoT, Huawei wants to position itself as a provider of advanced computing power strong enough to support the intelligent world. It will be extracting knowledge from massive amounts of data to drive breakthroughs in industrial artificial intelligence (AI).
The company is also looking at building an intelligent Internet of Energy for the generation, storage, and consumption of greener electricity. Xu said Huawei will innovate to reduce energy consumption for a low-carbon world as well as address supply continuity challenges.