Stefan Mileschin

Uncertain business environment

Troubled Huawei Technologies is worried about "serious challenges" in 2022, amidst an uncertain business environment, "politicisation of technology", and further "deglobalisation."

The Chinese tech vendor is expecting to close the year with $99.45 billion in revenue, a 28.88 per cent dip from 2020.

Its carrier business had stayed "stable" and its enterprise unit saw growth, said Huawei's rotating chairman Guo Ping, in his new year message Friday to employees.

He added that digital transformation in global economies had become a major growth engine and there were new opportunities in green and low-carbon technologies, but warned of uncertainties in the year ahead,

Chinese tech giant is looking to its other connected devices including laptops and smart TVs to fill the gaps lost when the US shut down its smartphone business. It believes its wide product portfolio will stand in good stead against its cloud peers such as Alibaba and Tencent.

"An unpredictable business environment, the politicisation of technology, and a growing deglobalisation movement all present serious challenges," Guo said.

"Against this backdrop, we need to stick to our strategy and respond rationally to external forces that are beyond our control."

https://fudzilla.com/news/54124-huaw...will-get-worse