twork and smartphone business.
"We have a lot of challenges ahead of us. We need to beef up our computing power, explore new architectures, and develop processors that meet people's needs across all scenarios," Hu said at a tech conference in Shanghai. But it has been swept into the trade war between China and the United States, with its future prospects now in doubt owing to a US campaign to isolate the company.
Hu cited independent estimates saying the market will be worth more than $2 trillion by 2023, adding that Huawei would invest an additional $1.5 billion toward that effort. "We will continue to invest," he said. "Starting with the most difficult challenge ahead of us -- making breakthroughs in architecture -- to developing processors, we're going to help expand the industry and build out the ecosystem.