Ren Zhengfei says Huawei will never sell its terminal business, including phones

February 09, 2021 ideaTechX

Huawei will never sell its terminal business, Ren Zhengfei, founder and CEO of Huawei, said on Tuesday, adding, “We can transfer 5G technology, but we will never sell our terminal phone business.”


The terminal should not be simply understood as being a cell phone; anything that connects to people and things is a terminal. For example, the LiDAR used for car driverless, the gas meter, water meter, TV set for home application, are all terminals. The cell phone is only one part of the terminal, Ren said in an interview with Xinhua News Agency.


Huawei still has to rely on globalization to solve the chip problem, no matter what, Huawei will never give up the idea of globalization, he said.


“No matter how sanctions and blockades are imposed, we insist on globalization without wavering. When there is a global surplus of chips, someone will come to us to buy chips, and I think there will be this era,” he said.


Huawei achieved positive sales revenue and profit growth in 2020. “I have more confidence, not less. We have more means to overcome difficulties,” he said.


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



Ren Zhengfei says Huawei will never sell its terminal business, including phones-cnTechPost


Ren Zhengfei says Huawei will never sell its terminal business, including phones-cnTechPost


(Source: Xinhua News Agency)