Chinese telecommunications giant Huawei is targeting growth in 2024 in its new business areas, including digital energy and intelligent vehicle solutions, according to Rotating Chairman Hu Houkun.
In a year-end note, Hu said the company expects to exceed 700 billion yuan ($103 billion) in revenue for 2023. Although its core ICT infrastructure business “ will remain robust”, a stronger dynamic is developing behind digital energy and digital energy of the enterprise. intelligent vehicle solutions.
“The competitiveness of smart car solutions will increase significantly,” Hu said. “Digital energy must continually improve product quality and competitiveness, seize opportunities for low-carbon certainty, generate more profits and achieve valuable growth. »
He credits Huawei’s continued resilience in the face of U.S. trade restrictions to the work of its frontline workers to keep critical infrastructure operational.
Hu cites teams that braved typhoons in China to restore communications networks and navigate shipping delays to complete projects on tight deadlines set by clients in Asia, Africa and South America .
The president admits, however, that “the challenges remain significant” in an uncertain geopolitical and economic climate this year.
“No matter how the external environment changes, we firmly believe that digitalization, intelligibility and low carbonization are the most accurate development trends,” says Hu.
Huawei’s cloud services unit plays a critical role in driving the digital transformation of industries, while investing more in the development of larger AI models and the hardware needed to operate them.
The Chinese company is also directing its resources toward core information and communications technologies such as computing, storage and networking, where it has advantages over competitors.
As part of an ongoing restructuring, Huawei is delegating more power to individual business units so they can tailor their strategies closer to their customers and markets. Greater autonomy aims to promote faster decision-making.
According to Hu, compliance remains a top priority for Huawei, along with protecting privacy amid increasing data regulations. Hu says the company will continue to communicate pragmatically with stakeholders around the world.
(Photo by PL on Unsplash)
See also: TomTom and Microsoft unveil generative AI for connected vehicles
Want to learn more about IoT from industry leaders? Discover the IoT Tech Expo taking place in Amsterdam, California and London. This comprehensive event is organized in conjunction with AI & Big Data Expo and Digital Transformation Week.
Check out other upcoming enterprise technology events and webinars offered by TechForge here.
Chinese telecommunications giant Huawei is targeting growth in 2024 in its new business areas, including digital energy and intelligent vehicle solutions, according to Rotating Chairman Hu Houkun.
In a year-end note, Hu said the company expects to exceed 700 billion yuan ($103 billion) in revenue for 2023. Although its core ICT infrastructure business “ will remain robust”, a stronger dynamic is developing behind digital energy and digital energy of the enterprise. intelligent vehicle solutions.
“The competitiveness of smart car solutions will increase significantly,” Hu said. “Digital energy must continually improve product quality and competitiveness, seize opportunities for low-carbon certainty, generate more profits and achieve valuable growth. »
He credits Huawei’s continued resilience in the face of U.S. trade restrictions to the work of its frontline workers to keep critical infrastructure operational.
Hu cites teams that braved typhoons in China to restore communications networks and navigate shipping delays to complete projects on tight deadlines set by clients in Asia, Africa and South America .
The president admits, however, that “the challenges remain significant” in an uncertain geopolitical and economic climate this year.
“No matter how the external environment changes, we firmly believe that digitalization, intelligibility and low carbonization are the most accurate development trends,” says Hu.
Huawei’s cloud services unit plays a critical role in driving the digital transformation of industries, while investing more in the development of larger AI models and the hardware needed to operate them.
The Chinese company is also directing its resources toward core information and communications technologies such as computing, storage and networking, where it has advantages over competitors.
As part of an ongoing restructuring, Huawei is delegating more power to individual business units so they can tailor their strategies closer to their customers and markets. Greater autonomy aims to promote faster decision-making.
According to Hu, compliance remains a top priority for Huawei, along with protecting privacy amid increasing data regulations. Hu says the company will continue to communicate pragmatically with stakeholders around the world.
(Photo by PL on Unsplash)
See also: TomTom and Microsoft unveil generative AI for connected vehicles
Want to learn more about IoT from industry leaders? Discover the IoT Tech Expo taking place in Amsterdam, California and London. This comprehensive event is organized in conjunction with AI & Big Data Expo and Digital Transformation Week.
Check out other upcoming enterprise technology events and webinars offered by TechForge here.