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Huawei plotting return to the handset market
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Huawei plotting return to the handset market
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14th July 2023, 09:02
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 153,575
 |  Huawei plotting return to the handset market 5G phone by the year's end China's Huawei is plotting a return to the 5G smartphone industry by the end of this year, signalling a comeback after a US ban on equipment sales decimated its consumer electronics business. Huawei should be able to procure 5G chips domestically using its own advances in semiconductor design tools along with chipmaking from SMIC, three third-party technology research firms covering China's smartphone sector told Reuters. The firms, citing industry sources including Huawei suppliers, spoke on condition of anonymity because of confidentiality agreements with clients. A return to the 5G phone market would mark a victory for the company that for almost three years said it was in "survival" mode. Huawei's consumer business revenue peaked at $67 billion in 2020, before plummeting by almost 50 per cent a year later. Huawei was a contender to be the world's biggest handset maker until rounds of US restrictions beginning in 2019 cut its access to chipmaking tools essential for producing its most advanced models. https://fudzilla.com/news/mobile/572...handset-market |
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