Trade sanctions orchestrated by the United States are weighing on the supplies of the Chinese equipment supplier Huawei. But not yet on his income.
Chinese group Huawei is forecasting a "commercially difficult" 2020 year after sanctions have been implemented by the US administration.
How did we get here ? The United States considers Huawei products to be a threat to their internal security. They also fear the alleged industrial espionage of the world's leading network equipment manufacturer and the world's second largest smartphone maker. In May 2019, to reduce the risk, the Trump administration added Huawei to a blacklist of companies with which U.S. companies cannot trade. A decision fraught with consequences for Huawei.
Indeed, the group cannot access technologies from American multinationals, including Google. Huawei has therefore decided to work on the development of its own operating system, HarmonyOS, and to deliver its first smartphones without Android.
The group has also dismissed further charges against Washington without convincing so far. Despite everything, the group is still showing strong growth.
"The external environment has become more complicated than ever and the downward pressure on the world economy has intensified," said Xu Zhijun (Eric Xu), who assures the rotating president of Huawei, in a message including Reuters echoed.
In 2019, Huawei's turnover still increased by 18% to reach 850 billion yuan (109 billion euros). In addition, its volume sales of smartphones jumped 20% to 240 million units delivered.
For 2020, on the other hand, the Chinese group expects the growth rate to slow down. "In the long term, the US government will continue to hinder the development of advanced technologies, a difficult environment for Huawei's survival and prosperity," warned the leader.