Huawei
Huawei Technologies Co. Ltd. is a Chinese multinational technology company headquartered in Shenzhen, Guangdong. It designs, develops, and sells telecommunications equipment and consumer electronics. The company was founded in 1987 by Ren Zhengfei, a former Deputy Regimental Chief in the People’s Liberation Army. In December 2019, Huawei reported that its annual revenue had risen to USD 121. 72 billion US dollars in 2019.
About Huawei in brief
Huawei Technologies Co. Ltd. is a Chinese multinational technology company headquartered in Shenzhen, Guangdong. It designs, develops, and sells telecommunications equipment and consumer electronics. The company was founded in 1987 by Ren Zhengfei, a former Deputy Regimental Chief in the People’s Liberation Army. It overtook Ericsson in 2012 as the largest telecommunications equipment manufacturer in the world, and overtook Apple in 2018 as the second-largest manufacturer of smartphones. In December 2019, Huawei reported that its annual revenue had risen to USD 121. 72 billion US dollars in 2019. In July 2020, Huawei surpassed Samsung and Apple to become the top smartphone brand in the World for the first time. Although successful internationally, Huawei has faced difficulties in some markets, due to claims of undue state support, links to the People’s Liberation Army, and cybersecurity concerns—primarily from the United States government. Huawei has argued that its products posed \”no greater cybersecurity risk\” than those of any other vendor and that there is no evidence of the U.S. espionage claims. Questions regarding Huawei’s ownership and control as well as concerns regarding the extent of state support also remain. Huawei has also been accused of assisting in the surveillance and mass detention of Uyghurs in the Xinjiang re-education camps, which have resulted in sanctions by the US Department of State. On November 17, 2020,. Huawei agreed to sell the Honor brand to Shenzen Zhixin New Information Technology to \”ensure its survival\”, after the US sanctions against them.
The name Huawei comes from a slogan he saw on a wall, Zhonghua youwei meaning \”China has promise\”, when he was starting up the company and needed a name. In Chinese pinyin, the name is Huáwéi, and pronounced in Mandarin Chinese; in Cantonese, thename is transliterated with Jyutping as Waa4-wai4 and pronounced. However, pronunciation of Huawei by non-Chinese varies in other countries, for example \”Hoe-ah-wei\” in Belgium and the Netherlands. The company had considered changing the name in English out of concern thatNon-Chinese people may find it hard to pronounce, but decided to keep the name. In the late 1980s the Chinese government tried to modernize the country’s underdeveloped telecommunications infrastructure. Several Chinese groups endeavored to acquire and develop the technology through joint ventures with foreign companies. A former director of Shenzhen Sanjiang Electronics Co. ; Zhang Xiangyang, a member of the Bureau of Development Planning; and Wu Hqui, an accountant at Shenzhen Petrochemical Co. They each contributed RMB 3,500,500 to the company at the time of its founding where each contributed $500,000. They also tried to develop the core component of telecommunications switches, and the research and development of the phone network in the 1980s and 1990s. In the early 1990s, several Chinese groups tried to acquire the technology.
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This page is based on the article Huawei published in Wikipedia (as of Dec. 04, 2020) and was automatically summarized using artificial intelligence.
