The United States has put couple of restrictions and sanctions on the Chinese giant Huawei, nicely banning the manufacturer from doing business with any of the American companies or the companies using American technologies.
Even though Huawei has been severely impacted because of those sanctions, American companies are In addition concerned about potential losses. However, it seems to be that the deeds of the U.S. will benefit additional emerging global superpower.
As per the SCMP report, Huawei founder Ren Zhengfei has said that the manufacturer has increased its investment in Russia when the United States put Huawei on the Entity List last year. He added that along with increased Russian investment, it extended the Russian scientist team, and increased the salary of Russian scientists.
The company has become the leading telephone brand globally, dethroning Samsung. But, it will be impossible for the company to keep the lead position given the recent setbacks. The fresh restrictions have made it impossible for Huawei to manufacturer its own Kirin chipsets and procure chipsets from the likes of Qualcomm.
However, US-based cpu suppliers, such as Qualcomm, have been trying to take approval to resume profits to Huawei. On the another hand, Taiwanese cpu designer MediaTek has applied for a license to continue doing business with Huawei.
But, the company could yet source U.S. chips for the cloud computing business, and hence, the manufacturer has presently shifted its focus towards this. Huawei’s cloud computing sells computing power and storage solutions to companies, alongside with open to artificial intelligence.
Like per the reports, Huawei is putting the cloud computing business in line with the phones and telecom equipment business. On top of that, it is said that the Chinese government will increasingly support the company through public cloud contracts.