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Starved of chips, Huawei pivots to cars and software


Few people today would be aware of Nokia s 19th-century origins as the operator of a pulp mill in Tampere. The evolution of the Finnish firm into one of the world s biggest makers of telecom equipment has taken more than 150 years. Transformation could make one of China s largest pandas similarly unrecognizable in a much shorter period. Battered by US sanctions, Huawei is shedding its identity as a telecom hardware business.
The Chinese equipment giant aims to reinvent itself as a software company serving industries besides the telecom sector. It already boasts the number-two spot in the Chinese market for public cloud services and has established its young enterprise division as the company s growth engine. Enterprise sales last year were up 23%, to more than 100 billion Chinese yuan (US$15.3 billion), and account for more than 11% of the total. China s automotive sector is a prime target. ....

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