Huawei’s 5G Debuts Next Year to Lift Revenue

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Huawei: Sign of Huawei Store

 

On Wednesday, a China telecommunications giant, Huawei Technologies, anticipates the unveiling of next generation 5G wireless networks.

According to the company’s deputy chairman, this is to start contributing to the firm’s revenue for next year when China launches services.

Meanwhile, the Chinese telecom equipment giant guaranteed the 5G commercial contracts. To count, the contracts were 50 in total.

In addition, they made sure that they will be fighting allegations from the United States and its allies that its networks are vehicles for Chinese surveillance.

Hu said that while the roll-out was accelerating, especially in Asia, the company thought that it would still need to “wait for a while before 5G contributes a sizeable share to revenue”.

In a news report, Ken Hu stated, “We will have a clearer picture by mid-next year because by then the first batch of 5G commercial roll-outs in China will reach a certain phase.”

The statement was about the sidelines of a company conference, appraising that Huawei had now authorized about 60 contracts.

This year, China’s big three state Telcos are competing to roll out the 5G services in more than 50 cities.

The rivalry happened after countries like South Korea and the United States, which have by now initiated the service that ensures to back new technologies such as autonomous driving.

Washington Outlawed U.S. Firms Trading

In May, when Washington banned U.S. firms trading, Huawei’s home market has come to be more vital to the company.

The prohibition of Washington is with the reason of national security concerns, hitting the company’s international business.

Meanwhile, the company rebuffs the allegations and says Washington is striving to reduce its industry leadership to benefit U.S. companies.

Huawei founder and CEO Ren Zhengfei stated he is open to selling his firm’s 5G technology. This is in order to put an end to the U.S. concerns.

The information was according to a Magazine interview last week.

The 5G technology will offer such features as patents, code, blueprints, and production know-hows to Western firms for a one-off fee.

Moreover, Hu indicates that Ren’s proposal was not complex and that a new player could help lessen security concerns.

In a statement, he also said, “If the proposal gets implemented it will on the one hand support more competition in 5G across the global supply chain, and such competition is beneficial to consumers and users and also contributes to the industry itself.”

Huawei: Blurred hand holding smartphone with billboard of huawei logo.

Huawei will Launch Tech Despite Concerns

On Wednesday, the company launched “the world’s fastest artificial intelligence training cluster.”

It has labeled Atlas 900 and assured to invest $1.5 billion in its developer program.

On Thursday, Huawei will release a new high-end smartphone. The brand is also acknowledged as the world’s second largest smartphone maker.

The unveiling is despite the doubt about whether the new handset will be competent to run Google’s Android operating system and apps.

Last month, Huawei indicated that the impact of the U.S. curbs was lower than what they have previously expected.

In addition, it would still push its smartphone unit’s revenue smaller by about $10 billion this year.

Elsewhere, Huawei will be launching its next flagship phone. This is the Mate 30 and Mate 30 Pro on Thursday in Munich.

The Huawei Mate 30 series is the addition to its excellent Huawei Mate 20 series.

The new phones have the capability to offer 5G networks. This is due to its even better feature on the cameras.

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