Subj : Huawei says hardware and cloud will be its big focus in 2024
To   : All
From : TechnologyDaily
Date : Tue Jan 02 2024 13:15:05

Huawei says hardware and cloud will be its big focus in 2024

Date:
Tue, 02 Jan 2024 13:02:12 +0000

Description:
ICT, hardware, and cloud are Huaweis 2024 New Years resolutions, in light of 
huge AI growth.

FULL STORY
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After a challenging few years following the pandemic and its long-lasting 
effects, Huawei says it had a pretty successful 2023, with expected sales 
revenue hitting more than 700 billion yuan (over $98 billion). 

Though the figure sits below pre-pandemic levels, Huawei chair Hu Houkun 
credits this latest result to strong performance across the companys terminal 
business, digital energy and cloud business, and smart car solutions. 

However, in his new year speech , Hu noted that the companys ICT 
infrastructure business was merely stable, hinting that datacenter 
infrastructure could see a lot of investment this year. Huaweis chair plans 
out 2024 

As reported by The Register , Hu summarizes a few global projects that have 
proven profitable for the company, and important for the communities they 
served. The message also acknowledges the important role of those customers, 
as well as industry partners and the firms employees hard work. 

Setting out his plan for the companys future, Hu alludes to digitalization, 
intelligence, and carbon reduction. 

Speaking specifically about the surge in AI over the past 12 months, Hu said: 
Large models require large computing power. We must build the world's leading 
computing power base to prosper thousands of industries. 

Huawei isnt free of troubles, though. Like any other business, it too is 
facing tough economic pressures. Hu said that the company will continue to 
streamline, simplify management, and optimize appropriately. 

Reporting of layoffs affecting the company isnt as complete as other 
businesses operating across the US and Europe, however an article from Hindu 
Businessline revealed thousands of job losses at the end of 2022, and its 
likely the company might have reduced its headcount in other regions, too. 

Moving forward, Hus parting message echoes the title of the New Years Speech, 
Keep your feet on the ground and move forward steadily. He said (roughly 
translated with Google Translate): People need precipitation and accumulation 
in order to become stronger. 

Clearly, even giants like Huawei arent immune from the pressures facing 
business across the world, but with a slow and steady wins the race attitude, 
Huawei hopes to stay ahead of the curve. More from TechRadar Pro Move your 
data off-prem with the best cloud storage and best cloud backup tools Huawei 
ban reportedly cost BT half a billion pounds, CEO claims These are the best 
servers for small businesses



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Link to news story:
https://www.techradar.com/pro/huawei-says-hardware-and-cloud-will-be-its-big-f
ocus-in-2024


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