Huawei: China-based telecom equipment maker Huawei is all set to return to the 5G market in 2023. It is noteworthy that the United States had termed Huawei ‘security risk’ and put several restrictions on the company’s consumer products. Those restrictions forced Huawei to cut down on its operations; sales of Huawei’s products plummeted due to the US-enforced bans. Many of those continue.
Likely chip vendors
Three technology research firms have claimed that the Chinese telecom equipment maker may re-enter the 5G market by the end of 2023. Huawei may procure 5G chips from its own facilities or from Semiconductor Manufacturing International Company (SMIC).
According to Wikipedia, SMIC is a partially state-owned Chinese pure play semiconductor manufacturing company. It is a publicly-listed company.
A return to the telecom market would mark a victory for Huawei whose consumer business revenue peaked CNY 483 billion (roughly Rs. 5,51,479 crore) in 2020. A year later, this figure was reduced to more than 50%.
Huawei’s plummeting sales from 2021 can be ascribed to US sanctions. Those bans limited the company’s ability to find critical technology for its consumer products to a great extent.
According to Gadgets360, Huawei has only sold “limited batches of 5G models using stockpiled chips.”
2023 5G forecasts
One research firm says Huawei can ship 2 to 4 million 5G smartphones in 2023. Another firm estimates the company will shop 10 million units this year.
China Securities Journal, a government backed newspaper, says that Huawei revised its 2023 target from 30 million to 40 million. The newspaper didn’t mention how many 5G phones Huawei will sell this year.
The three research firms also said that Huawei could produce P60– a rival of iPhone– this year. More launches of iPhone’s rivals could happen in 2024, the firms said.
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER