Huawei is increasing investment in Russia

The United States has put handful of restrictions and sanctions on the Chinese giant Huawei, nicely banning the manufacturer from doing business with any of the American companies or the companies using American technologies.

Although Huawei has been severely impacted since of these sanctions, American companies are Furthermore concerned about potential losses. However, it seems that the deeds of the U.S. will benefit additional emerging global superpower.

huawei

As per the SCMP report, Huawei founder Ren Zhengfei has said that the manufacturer has increased its investment in Russia when the United States put Huawei on the Entity List last year. He added that alongside with increased Russian investment, it expanded the Russian scientist team, and increased the salary of Russian scientists.

The manufacturer has become the leading cameraphone brand globally, dethroning Samsung. However, it will be impossible for the company to keep the lead position given the recent setbacks. The new restrictions have made it impossible for Huawei to manufacturer its own Kirin chipsets and procure chipsets from the likes of Qualcomm.

However, US-based cpu suppliers, including Qualcomm, have been trying to take approval to resume profits to Huawei. On the other hand, Taiwanese cpu designer MediaTek has applied for a license to continue doing business with Huawei.

But, the manufacturer could yet source U.S. chips for the cloud computing business, and thus, the company has presently shifted its focus towards this. Huawei’s cloud computing sells computing power and storage solutions to companies, alongside with access to artificial intelligence.

Like per the reports, Huawei is putting the cloud computing business in line with the smartphones and telecom equipment business. On top of that, it is said that the Chinese government will increasingly support the company through public cloud contracts.

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