SHANGHAI - Chinese telecoms equipment giant Huawei said on Wednesday that it will invest heavily in developing its own hardware and software to create a foothold in the computing market, signalling that it remains confident in the face of the United States trade ban.
In May, the world's second-largest smartphone maker found itself in the crossfires of an escalating trade and technology war between China and the US when it was blacklisted by Washington on national security concerns. On Wednesday, Mr Hu laid out plans to turn Huawei into a computing powerhouse as he predicts a boom in the market over the next 10 years.Huawei estimates that in the next five years, artificial intelligence computing will account for more than 80 per cent of all computing power used around the world.
With an eye on the opportunities in the market, Huawei has decided to invest more to explore new architectures, and develop processors for use in more scenarios beyond its current offerings of general purpose computing chips, AI chips, smart devices chips and smart screen chips."No single company can prop up the entire industry on its own," he said.
This comes as Huawei founder Ren Zhengfei said in a recent interview that he is ready to sell the firm's 5G technologies to Western players to level the playing field.