Arab Press

بالشعب و للشعب
Sunday, Mar 03, 2024

0:00
0:00

Breakthrough for China's chip industry?

China's chip industry is set to make a breakthrough! Thanks to newly developed EDA tools for 14-nanometer chips, Huawei Rotating Chairman Eric Xu says China's chip companies will be able to use domestically developed software to design domestic chips.
Despite the US crackdown, Huawei Technologies will support all of China's efforts to be self-sufficient in chips. The Chinese semiconductor industry has faced sanctions, but it is not sitting still. It will be self-reliant and self-rescue.

This is a huge milestone for the Chinese chip industry as EDA tools, especially for advanced chips, are usually dominated by US companies like Synopsys and Cadence Design Systems. "The progress means little to Huawei's business, but it means China's chip companies can use this domestic-developed software to design domestic chips," says Xu.

Huawei has also initiated a "Plan B" to replace and redesign components and printed circuit boards to ensure supply chain continuity as a backup plan. They hope none of their products will rely on a single country, a single supplier, and they can continue to produce even under very challenging circumstances.

While Huawei can only produce and sell 4G-capable smartphones due to US export controls, Xu is optimistic about the future. "If they give us approval, we can definitely make 5G smartphones, and affordable ones."

In 2022, Huawei recorded a 0.9% year-on-year revenue increase to 642.3 billion yuan ($92.41 billion). Although net profit fell to 35.6 billion yuan, it invested 161.5 billion yuan on R&D, accounting for 25.1% of total revenue.

Huawei's carrier business halted its decline and grew 0.9% by revenue to 284 billion yuan, driven by 5G network adoption in the Middle East and Europe. Huawei's enterprise business grew 30% on year to 133.2 billion yuan in sales. Its consumer business slipped 11.9% on year to 214.5 billion yuan, supported by growth in wearables, computers, and automotive-related business.

Huawei has been investing heavily in its automotive-related business, which is more software-driven and thus less affected by US export controls. Revenue from this business hit 2.1 billion yuan last year, and the company now has 7,000 employees dedicated to R&D in this area.

Huawei has over 207,000 employees worldwide, with more than 55% involved in R&D. As they continue to innovate and develop their industry, China's chip industry is on the rise, and Huawei will support its efforts to be self-reliant.
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
China Criticizes US for Vetoing UN Ceasefire Resolution in Gaza
Saudi Arabia ranks first in UN index for e-government services in MENA
Israel Records 20% Drop In GDP, War In Gaza Is The Reason
Saudi Arabia's FDI Inflows Grow with New International Standards
Venture Capitals Power Up Across MENA Region
PM Modi Announces Opening Of New CBSE Office In Dubai
January Funding for MENA Startups Totals $86.5 Million
Saudi Arabia accelerates digital economy growth through Nvidia partnership
Israel unveils tunnels underneath Gaza City headquarters of UN agency for Palestinian refugees
Israel deploys new military AI in Gaza war
Egypt threatens to suspend key peace treaty if Israel pushes into Gaza border town, officials say
Saudi Arabia Warns Of A "Humanitarian Catastrophe" If Israel Moves On Rafah
US University To Shut Qatar Campus Due To "Heightened Mideast Instability"
Facebook and Instagram Ban Iran's Supreme Leader
Defense Technology Showcase Held in Riyadh
Saudi Arabia’s non-oil exports rise 2.5% to $6bn in November 2023: GASTAT
Rolls-Royce Executive Encourages Saudi Women to Tap into Their Inner 'Superhero' for Success in Defense Industry
Saudi Arabia launches National Academy of Vehicles and Cars
Saudi Tourism Minister Reveals Plan for 250,000 New Hotel Rooms by 2030
SAR to more than double eastern network passenger capacity with new trains deal
Saudi Arabia Enhances National Defense with New Partnerships
Saudi Aramco Maintains Arab Light Crude Pricing to Asia for March
NEOM Establishes New York Office to Support Investors
Saudi Wealth Fund Draws in Over $25 Billion Worth of Investments in Three Years, Al-Rumayyan Reveals
The Saudi Kingdom's Ultimatum to Israel: A Win-Win Peace with Saudi Arabia and the Arab World, or a Lose-Lose Continued Occupation and Endless Conflict
Biden condemns anti-Arab hate after WSJ opinion piece calls Dearborn ‘jihad capital’
Turkey Releases Seven Hostages Captured by Pro-Gaza Gunman
Arab Parliament Commends Women's Contributions to Societal Development
British and Hungarian Foreign Ministers visited Lebanese leaders to stress the importance of enacting UN Resolution 1701
Yemen's Houthis Say They Targeted British Merchant Vessel In Red Sea
Donald Trump Nominated for Nobel Peace Prize for 'Historic' Middle East Policy
US lawmakers approve F-16 jet sale to Turkey following NATO expansion support
Saudi Arabia Climbs 25 Places in World Bank's National Statistics Indicator
Tourism Growth in Saudi Arabia Fuels Advancements in the Hospitality Industry," Says Rotana Official
Houthi Rebels Request Departure of UN Staff from Yemen, Including US and UK Personnel, within a Month
Modi Inaugurates Hindu Temple on Site of Demolished Mosque in India
Over 25,000 Deaths in Gaza Amid Israeli Offensive
Escalating Clashes in Gaza as Israel Distributes Leaflets to Assist in Locating Hostages
Turkey's First Astronaut Set to Launch for International Space Station Today
Head of Palestinian Investment Fund Warns More People May Die of Hunger Than War in Gaza
Palestinian Envoy Criticizes UK for Alleged 'Double Standards' in Policies Toward Israel
Morocco to Lead UN Human Rights Council in 2024
Is artificial intelligence the solution to cyber security threats?
Egypt has been identified as the leading military force among Arab nations and ranks 15th globally
The AI Revolution in the Workforce: CEOs at Davos Predict Major Job Cuts in 2024
Iranian Nobel Laureate Narges Mohammadi Receives Additional Prison Sentence
"Gazans Urge Israeli Forces to Target Hamas in Leaked Audio"
Biden States US and UK Airstrikes on Houthis Were a 'Defensive Action
Large Pro-Palestine Rally in London as Gaza Conflict Hits Day 100
South Africa Urges World Court to Halt Israeli Actions in Gaza
×