Huawei focusing on cloud business

  • 📰 staronline
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 75%

United States News News

United States United States Latest News,United States United States Headlines

BENGALURU: Chinese telecoms equipment maker Huawei Technologies Co Ltd is focusing on its budding cloud business, which still has access to U.S. 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, the FT reported. The unit was stepping up its offerings and Beijing will increasingly support the company through public cloud contracts, according to the report. The administration of U.S. President Donald Trump has restricted technology exports to Chinese companies in particular, notably Huawei, citing national security risks. - Reuters

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in US

United States United States Latest News, United States United States Headlines