[Inside China Business] Huawei tightens its grip on global telecom markets in another failure of Western sanctions
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Huawei is China’s largest electronics company, and is specifically targeted by Western sanctions. The sanctions are intended to both deny Huawei access to the fastest semiconductors, and to prevent Huawei from selling products in American and European markets.
While most of the recent headlines involving Huawei relate to their introduction of smartphones that were thought to be impossible for them, Huawei is first and foremost a telecommunications hardware company. And recent developments in those market segments have only strengthened Huawei across the world.
Perhaps most ironically of all, Huawei has benefited from being locked out of the North American telecommunications market, as the United States has seen major declines in investment and upgrades.
Huawei is far ahead of global rivals in the telecom space, and is doubling down on its efforts to roll out technology across the Global South countries. As the company does so, it is a boon to thousands of other Chinese manufacturers, and producers of electronics and other gear that runs on Huawei networks.
Resources and links:
China’s Huawei pushes network gear upgrades in friendly nations, touting AI boost
Huawei is back – net profits more than doubled in 2023
Dell’Oro: 2023 global telecom equipment revenues declined 5% YoY; Huawei increases its #1 position
Bloomberg, US Efforts to Contain Xi’s Push for Tech Supremacy Are Faltering
Huawei Announces 2024 H1 Business Results
Reuters, U.S. bans new Huawei, ZTE equipment sales, citing national security risk
How economic statecraft shaped Huawei’s global FDI footprint
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