Can Huawei thrive despite American sanctions?
Ren Zhengfei, its boss, has big plans
Huawei once looked unstoppable. Having begun life in 1987 selling phone switches from a flat in the southern city of Shenzhen, in 2012 the Chinese technology firm overtook Sweden’s Ericsson to become the world’s biggest maker of telecoms gear. By 2020 its market share topped 30%, roughly as much as Ericsson and Nokia of Finland, its two main rivals, combined. The same year it surpassed Samsung as the largest maker of smartphones. Its fast-growing software and cloud-computing businesses were beginning to compete with America’s ibm and Oracle.
This article appeared in the Business section of the print edition under the headline “Ren-aissance”
From the October 29th 2022 edition
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