WASHINGTON: Chinese telecoms equipment maker Huawei is focusing on its budding cloud business, which still has access to US chips despite sanctions against the company, to secure its survival, the Financial Times newspaper reported.
Huawei's cloud computing business sells computing power and storage to companies, including giving them access to artificial intelligence, and has been growing rapidly, the newspaper reported on Sunday , citing sources.In January, Huawei put the unit on an equal footing with its smartphones and telecoms equipment businesses, theThe unit was stepping up its offerings and Beijing will increasingly support the company through public cloud contracts, according to the report.
The administration of US President Donald Trump has restricted technology exports to Chinese companies in particular, notably Huawei, citing national security risks.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Huawei focusing on cloud business which still has access to US chips: MediaBEIJING (REUTERS) - Chinese telecoms equipment maker Huawei Technologies Co is focusing on its budding cloud business, which still has access to US chips despite sanctions against the company, to secure its survival, the Financial Times newspaper reported.. Read more at straitstimes.com.
Read more »