Huawei's rotating chairman says 2020 operations largely meet expectations

February 23, 2021 CV TECH INC

Chinese tech giant Huawei said its 2020 operations are solid and largely meet expectations.


Huawei’s rotating chairman Hu Houkun said at the MWC conference in Shanghai today that Huawei’s revenue and profit grew slightly in 2020. The official 2020 financial report will be released on March 31, he added.


Huawei currently has more than 300 communication networks operating stably in 170 countries, Hu said.


Hu also showed several of Huawei’s innovative technologies. For example, Huawei Cyberverse, which allows virtual and real worlds to merge. In the demonstration, animals such as elephants and giraffes appeared on the scene.


Huawei Cyberverse requires centimeter-level high-precision positioning, hundreds of millions of high-density acquisitions, and large 100Mbps broadband transmission, Hu said.


“This will be a new entry point into the Internet, with some great potential for content and application development, and business model innovation,” Hu said, adding that the technology can be applied to virtual education, intelligent cultural tourism, intelligent navigation, and other scenarios.


In addition, Huawei’s factory in Dongguan has automated production with the support of 5G, reducing the number of workers by 80 percent while increasing efficiency by 300 percent; intelligent quality inspection has shortened inspection from two minutes to six seconds, while significantly increasing the yield rate.


Huawei’s revenue grows 11.2% to $136.7 billion in 2020, report says



Huawei's rotating chairman says 2020 operations largely meet expectations-CnTechPost


Huawei's rotating chairman says 2020 operations largely meet expectations-CnTechPost


(Source: Huawei)