Chinese tech giant Huawei said Wednesday that its revenues dropped sharply in the first quarter as U.S. sanctions took a toll on its business. Huawei’s revenues fell 16.5% year-on-year to 152.2 billion Chinese yuan ($23.5 billion) in the three months ending March 31, according to unaudited financial results revealed by the company on Wednesday. It […] Read more
Huawei said Monday that U.S. sanctions on the company are partly to blame for the ongoing global chip shortage that’s the subject of a White House conference on Monday. Eric Xu, Huawei’s rotating chairman, said the sanctions imposed over the last two years on the Chinese tech company are, “hurting the global semiconductor industry” because they have […] Read more
GUANGZHOU, China — Xiaomi launched a slew of new smartphones on Monday, with one high-end device aimed at international markets as it looks to push into the premium segment and fill the void left by rival Huawei’s troubles. The devices are: Mi 11 Lite and Mi 11 Lite 5G Mi 11 Pro Mi 11 Ultra […] Read more
British telcos could face large fines if they fail to tighten security in their networks under a new law being announced in Parliament on Tuesday. The proposed Telecommunications Security Bill is designed to improve security in the U.K’s 5G and full-fiber networks. Under the bill, network operators must ensure the equipment and software used at […] Read more
Huawei launched the second version of its own operating system on Thursday and it will be run on its smartphones for the first time next year as an alternative to Google’s Android. Last year, Huawei took the wraps off HarmonyOS, its own cross-device operating system. It came after the company was put on the U.S. Entity List, a blacklist […] Read more
The Chinese tech giant has expressed its support for Meng. Photo: AP The Canadian extradition proceedings of Huawei Technologies former chief financial officer Meng Wanzhou hinge on allegations she made a fraudulent presentation to HSBC in 2013 over the technology giant’s business ties in Iran, but recently revealed documents show the bank had been aware […] Read more
