Huawei has actually lost its smartphone manufacturing business due to US pressure. The company is not going to close it, but so far it is clearly not in the best condition. According to the source, Huawei has decided to further diversify its business.
The telecommunications giant has created four new business units to boost efforts to diversify its operations as the company grapples with U.S. trade sanctions. The new divisions focus on digital transformation products and services for customs and ports, technologies to reduce energy consumption in data centers, and smart systems for the highways and photovoltaic industries.
According to the documents, the officials selected to lead the new business units were selected from internal candidates. The head of Huawei added that by acting as independent units, the new divisions violate the existing organizational boundaries of Huawei in order to be able to quickly acquire resources and improve efficiency. Each of these divisions must delve into one area, be held accountable for the success of their business, and generate more profit for the company.
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