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Huawei pivots to fish farms, mining after US blocks its phones

Huawei pivots to fish farms, mining after US blocks its phones
6 min.
15.03.2021
Once the worldâs largest smartphone maker, the company has seen a series of US sanctions almost obliterate its lucrative consumer business
Once the worldâs largest smartphone maker, the company has seen a series of US sanctions almost obliterate its lucrative consumer business
Phone shipments tumbled 42% in the final three months of 2020 for the Chinese company
Photo credit: AFP
Six months after the Trump administration dealt a crushing blow to Huawei Technologies Co.âs smartphone business, the Chinese telecommunications giant is turning to less glamorous alternatives that may eventually offset the decline of its biggest revenue contributor. ....

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Huawei pivots to fish farms, mining after U.S. blocks its phones

Huawei pivots to fish farms, mining after U.S. blocks its phones
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Huawei pivots to fish farms, mining after U.S. blocks its phones

Huawei pivots to fish farms, mining after U.S. blocks its phones
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China to pour more money Into chips, AI and 5G to catch U.S.

China pledged to boost spending and drive research into cutting-edge chips and artificial intelligence in its latest five-year targets, laying out a technological blueprint to vie for global influence with the U.S. ....

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China to apportion more funds to chips, AI and 5G

China pledged to boost spending and drive research into cutting-edge chips and artificial intelligence (AI) in its latest five-year targets, laying out a technological blueprint to vie for global influence with the US.
Chinese Premier Li Keqiang (李克強) singled out key areas in which to achieve “major breakthroughs in core technologies,” including high-end semiconductors, operating systems, computer processors and cloud computing areas in which US firms now hold sway.
Beijing would also aim to get 56 percent of the country on faster 5G networks.
Nationwide research and development spending is to increase by more than 7 percent annually, which “is expected to ....

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