Categories: Tech News

Huawei Shifts to Emerging Markets Due to Uncertain Outlook in the West

Huawei Shifts to Emerging Markets Due to Uncertain Outlook in the West

The source says that due to uncertain prospects in the West, Huawei Technologies is shifting its focus to emerging markets to expand its presence outside of China. Last year, the company was one of the three most successful suppliers of smartphones, however, the company’s business has suffered greatly due to various sanctions from the United States.

Earlier this year, the Chinese tech giant helped build a $ 83 million data center in Senegal. The company is focusing on these emerging markets as the United States has called on various countries to remove the brand from the list of suppliers of equipment for fifth generation (5G) networks. The United States has raised concerns about national security by actively winning over European countries, Japan and Australia.

Despite this, Huawei continues to have a strong presence in emerging markets in Africa and the Middle East. At the moment, the equipment produced by the company is about 20-30% more affordable than the equipment produced by its European competitors such as Ericsson and Nokia. In addition, the telecommunications equipment manufacturer has also not given up on expanding its presence in developed countries, although it pays more attention to emerging markets.

As of 2020, the company has begun implementing smart city projects in more than 700 cities in 40 countries around the world. In particular, the company participated in the construction of Dubai’s 5G infrastructure.

Source Link