Global tech giant Huawei remains committed and determined to work with Europe to develop its 5G network, since the new technology has gradually begun its commercial setup this season.
As the battle to the flourishing business continues, Huawei remains the international market leader with 50 secured 5G contracts thus far around the world, in comparison to 42 by second player Nokia. Out of those 50 contracts, 28 have been in Europe, 1-1 in middleeast, 6 in Asia Pacific, 4 in the Americas and one in Africa,” Hu said when addressing the press at the conference. The company has additionally deployed 150,000 5G base channels, and anticipates this number to reach 500,000 at the end of the season.
Despite its favorable market position nevertheless, the business faces difficult challenges and it suffered a big blow when the Trump government added Huawei to a blacklist which prevents US companies from supplying it without first obtaining a US government license.
Addressing concerns on thisparticular, Ken Hu expressed disappointment at this decision, which he believed is”unfair and unjustified” since it isn’t predicated on any tangible evidence of prosecution, and emphasised that the business has”taken action within the past months to make sure that its business isn’t influenced”, and that they will have”already found solution supply solutions, for example self-developed solutions or sourcing out of non-American spouses” for components influenced by the US blacklist.
In Aprilthe Centre for cyber security (CCB), announced that it hadn’t found any evidence of cybersecurity threats, after a months-long evaluation, and can consequently not issue a negative opinion on the provider. And as China’s President Xi Jinping has been place to match President Trump at the G20 summit in Osaka end of this week, so ” there are now speculations that the Huawei could be raised as part of a trade agreement.
But politics aside, Huawei remains confident that it could maintain its market direction, as a result of its competitive advantage along with superior merchandise offering comparative to the contest. It has invested around $4 billion over the last decade in R&D to come up with the next generation of wireless technology which will allow for substantial developments and jumps in new software within the electronic economy, including as autonomous cars, AI, and a broad array of different industries.
Ken Hu reported that it has built a portfolio of over 2,570 patents, making up 20% of all 5G patents,” which is more than every other corporation, and has been one of the very first businesses on the planet to begin development on 5G technology already 10 years before, just as 4G begun being rolled outside. Its own 5G solutions additionally keep doing considerably better than some one of its competitors in evaluations.
“Huawei played with a major successful part in the installation of 4G networks around Europe, and it remains hopeful and confident that it is going to continue to be an integral partner for Europe together with 5G”,” Hu added.