China-based technology giant Huawei said that 90% capacity was returned to their work. The company, which has increased its expenditures in order to speed up its R&D activities in recent weeks, aims to develop the technology solutions it has created.
The coronavirus outbreak that occurred in China not only affected the whole country but spread to the world. The authorities, who took strict measures throughout China, did their best to prevent a large part from being affected by the situation. One of the important companies in the country, Huawei, reported that it is in a very busy tempo these days. The company’s founder and CEO, Ren Zhengfei, said that more than 90 percent of the company’s production and development activities are maintained consistently.
After the Chinese government’s decision to allow it to continue working in some critical industries, some of Huawei’s operations restarted on February 3. Speaking to reporters, Ren Zhengfei also said the company is ready to develop new products to meet new demands from the current environment.
He drew a positive view
Huawei reported that it expects a strong demand for network equipment, especially from two major markets in China and Europe, as companies around the world prefer the remote work environment due to the coronavirus pandemic. The company said it is ready to meet the demand from these markets. He added, however, that he expects some financial increases due to the pandemic and increases R&D spending to develop solutions that grow despite the US sanctions.
Let us not go without saying that the world’s largest telecom equipment supplier ensures that the supply chain is not affected during the epidemic and continues to the production line by providing the partners with protective equipment. While almost 90 percent of the company’s 150,000 Chinese workers are expected to return to work, it is not overlooked that Huawei wants to maintain its positive outlook for this year, while it should reduce its financial targets.
Despite the implication that the US companies could fall over from the market leader position within 3 to 5 years without the support of the company, the company’s CEO thinks that the US companies also need Huawei as a customer. We will see how much the new laws and embargo decision issued by the Trump administration will affect the Chinese technology giant.