What’s a company to do when a growing group of Western countries ban the use of its telecom networking products and arrest its CFO? Carry on with business as usual, or at least that appears to be the answer if your name is Huawei.
The company has been busy rolling out new products for 5G telecommunications, even as those products get an increasingly cold shoulder in places like the U.S. and Australia, and its Chief Finance Officer Meng Wanzhou remains stuck in Canada as the U.S. seeks her extradition on criminal charges. The company was carrying on with business as usual with its release of a new chip called “Tiangang” for 5G communication base stations at a Thursday morning event in Beijing.
Huawei says the chip can significantly improve efficiency of 5G base stations, the workhorses in wireless networks that connect smartphones and other wireless devices to backbone telecom networks. The company says Tiangang can reduce the weight of standard 5G stations by half to less than 20 kilograms.
Board member Ding Yun said at the conference that Huawei had secured 30 commercial 5G contracts in Europe, the Middle East, and the Asia-Pacific area, adding that the “mass deployment era” for Huawei’s 5G has come. The company also plans to release a 5G smartphone model in June, rotating chairman Ken Hu said at the World Economic Forum in Davos, Switzerland on Tuesday.
Huawei is one of China’s biggest high-tech champions, rising from modest roots to become one of the world’s top suppliers of networking equipment and smartphones. But the company has gotten snagged in growing tensions between China and the U.S., which worries that equipment from Huawei and other Chinese companies could be used for spying. Hu acknowledged the company was probably feeling the most pressure among its peers from those tensions.
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