Huawei, the world’s largest network equipment maker, is expecting growth of at least 10 per cent for its carrier business this year as operators and businesses alike prepare for commercialisation of 5G in 2020, after two consecutive years of flat sales.
Hu also said that the company had secured 40 contracts for 5G commercial networks around the world as of the end of March, up from 30 contracts that the company announced in January. A company presentation detailed that over half of these contracts come from Europe. “If [cybersecurity] is politicised, then the discussion moves away from facts … and will be based on feelings,” Hu said. “This kind of approach means technology could be at risk of fragmented development, which will impede innovation and increase the cost, that will be a burden for the entire society.”
The company also plans to invest US$300 million a year to partner with universities to conduct more basic research, and will issue grants to academics to help facilitate this and break out of the “bottlenecks on theoretical innovation and basic research”.
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