China’s Huawei Triumphs over U.S as Europe Rejects Sanctions

Huawei is a china telecommunications company founded by Zen Zhèngfēi in 1987 that has been hitting the market ever since then. Huawei, the telecommunications equipment maker based in Shenzhen, China, leads the global market in infrastructure for fifth-generation (5G) wireless technology and was also, until recently, the largest maker of mobile phones on the planet. But now U.S. government sanctions make it tough to even use a Huawei phone in America. What exactly did America do to China’s Huawei market? The U.S. sanctions squeezed Huawei’s nearly 20% share of the world’s mobile phone handset market in 2020 — surpassing both Apple and Samsung — down to a mere 4% in 2022. The sanctions effectively cut Huawei off from computer chips made using U.S. software and tools, which account for the bulk of the world’s supply. This has meant that Huawei’s most recent phones are not able to connect to 5G networks, nor are they able to use Google’s Android operating system or access any of its suite of popular applications such as Maps. This means a hit on Huawei and forceful press for innovations and why not diversification if it must bounce back in the market if it must thrive. These are some of the many roadblocks to which Huawei, which denied making any comments this, is currently engineering solutions, chiefly by pivoting to new lines of business to get the company growing again. Here are some of the reasons labelled by the U.S as sanctions against Huawei. Some reasons labelled for the restrictions against Huawei ranged from evidence that the company was dealing with Iran (counter to U.S. sanctions on that country) to fears that the Chinese Communist Party was able to conduct espionage through Huawei’s networks. The company denied all allegations. Huawei’s advances in 5G which is still the market leader in 5G base stations globally — undeniably played a part in raising U.S. concerns about Chinese involvement in developing global critical infrastructure. Huawei has faced an embattled position in the market since these sanctions from the U.S. In 2022, its working capital was around $50 billion, but revenue of around $92 billion was well below the 2020 peak of around $140 billion. Moreover, the 2022 net profit of just over $5 billion was way below the nearly $18 billion netted in 2021. Deep Dive into Geopolitics, Business, Economic History Related to World Affairs, Climate crisis & Green Mobility. Expect New Fascinating Videos Every Week. ‼️ Disclaimer:‼️ Some of the videos, songs, images, and graphics used in the video belong to their respective owners and this channel does not claim any right over them. Copyright Disclaimer under Section 107 of the Copyright Act 1976. The information on this channel shall not be understood or construed as financial advice. We are not an attorney, accountant or financial advisor, or claim to be. The content on this channel is not a substitute for financial advice and serves for entertainment purposes only. | DISCLAIMER Reminder | The Copyright Laws of the United States recognizes a “fair use” of copyrighted content. Section 107 of the U.S. Copyright Act states: “Notwithstanding the provisions of sections 106 and 106A, the fair use of a copyrighted work, including such use by reproduction in copies or phono records or by any other means specified by that section, for purposes such as criticism, comment, news reporting, teaching (including multiple copies for classroom use), scholarship, or research, is not an infringement of copyright.” Any information on this channel shall not be understood or construed for any other purpose except for entertainment purposes only. #Tech #Electric #EVs