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QINGDAO TODAY
在线翻译:
szdaily -> Business -> 
Huawei rewards staff for accelerating revenue
    2019-07-25  08:53    Shenzhen Daily

HUAWEI Technologies Co. quickened revenue growth to roughly 30 percent in the first half after select teams secured critical supplies to keep production going despite U.S. technology export restrictions, sources familiar with the matter said.

Two months into a Trump administration ban that cut Huawei off from American suppliers, the Shenzhen-based company is starting to feel the pinch. Still, while revenue growth of 30 percent marks a slowdown from 39 percent in 2019’s first three months, it was up sharply from 2018, the sources said. Executives told staff they were relieved it hadn’t been worse, one of the sources said.

Huawei is pulling out all the stops right now to boost sales, assigning as many as 10,000 developers across three shifts a day to work on alternatives to American software and circuitry. It has thus far managed to boost revenue by aggressively securing contracts for fifth-generation networking equipment, the sources said.

Meanwhile, the company is boosting internal morale, granting awards to a number of employees for helping it avert an immediate crisis, they said. Huawei hosted a ceremony to commemorate the winners and posted that event on an internal online forum for staff, the sources added.

The recipients were mainly responsible for hoarding components ahead of the ban, identifying replacements for American parts or negotiating with suppliers to keep up the flow of materials. It wasn’t clear if they got actual financial remuneration.

Huawei founder Ren Zhengfei warned last month that the sanctions would curtail its revenue by roughly US$30 billion in the coming two years, wiping out its growth. It’s now making adjustments to businesses most threatened by U.S. sanctions, reassigning employees from the carrier and enterprise units to the faster-growth consumer division, the sources said.

Huawei’s sales numbers are preliminary and subject to change and it will release official first-half numbers July 30. Huawei, which reports earnings in part for the benefit of bond investors, posted revenue of around US$27 billion from January to March, versus 721 billion yuan (US$105 billion) in 2018.

Huawei will invest 3 billion yuan in the next five years to develop an ecosystem for its ARM-based server chips and complementary products, Xinhua reported yesterday.

The investment will be used to bolster Huawei’s IT infrastructure and create various applications based on Kunpeng 920, its central processing unit unveiled in January, the company’s rotating chairman Xu Zhijun said.

Xu added that Huawei will concentrate on developing the high-performance Kunpeng chip series and offer high-quality cloud and artificial intelligence products based on those chips.

Huawei said its chips will not be sold as a stand-alone product. Instead, it will only sell servers powered by its in-house CPUs. The servers can be used for big data, distributed storage and ARM-native applications.

Huawei sold more than 900,000 servers worldwide in 2018, bringing the total shipment in the past six years to 3.56 million units.(SD-Agencies)

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