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Huawei Technologies Co. has successfully boosted sales of its new Watch D2 smartwatch by registering it as a medical device, allowing consumers to charge the purchase to their medical insurance. This strategy has led to high demand in Chinese pharmacies, with some requiring pre-orders and others quickly selling out of stock.
Lagos State has partnered with Huawei Technologies to implement four new Intelligent Transport System (ITS) sites aimed at improving traffic management and road safety. The initiative will utilize AI-powered solutions and Automatic Number Plate Recognition (ANPR) cameras to enhance urban mobility, reduce congestion, and provide real-time traffic information for commuters. This collaboration marks a significant step in Lagos' ambition to become a smart city, fostering efficiency and productivity for businesses and residents alike.
DeepSeek AI has partnered with Huawei's cloud-computing unit to offer its V3 and R1 AI models on Huawei-powered servers, providing a competitive price-to-performance ratio. Users can access these models through Huawei’s Ascend cloud service, with costs starting at approximately $0.14 for 1 million input tokens. The collaboration comes as DeepSeek's models gain traction in both the US and China, with support from major platforms like Microsoft Azure and Amazon Web Services.
DeepSeek has transitioned to a fully Chinese operation, utilizing Huawei's controversial Ascend 910x accelerators for its V3 and R1 AI models, now available through Huawei’s Ascend cloud service at significantly lower prices than competitors like Azure and AWS. This partnership with SiliconFlow underscores China's strategy to enhance its domestic AI capabilities while reducing reliance on foreign technology amid ongoing trade restrictions. The launch of DeepSeek's models, trained on a substantial number of Nvidia GPUs, raises concerns about China's access to advanced AI hardware despite export limitations.
Despite enduring US sanctions, Huawei has reported a significant revenue increase, with 2024 revenues reaching 860 billion yuan ($118 billion), a 22% rise from 2023. The growth is attributed to a resurgence in its consumer division, particularly smartphone sales, which saw a 36% year-on-year increase.
Huawei reported a remarkable annual revenue of 860 billion yuan ($118 billion) in 2024, marking a 22% year-on-year increase, largely driven by a resurgence in smartphone sales. Despite facing US sanctions, the company achieved a net profit of $7.7 billion in the first half of the year, with smartphone innovations like the Mate 60 series and new 5G chips enhancing its market competitiveness. Looking ahead, Huawei is set to launch new models, including the Pocket 3 and Nova 14, as it continues its focus on digitalization and innovation.
Huawei Technologies reported a 22% revenue increase in 2024, reaching over 860 billion yuan (US$118.3 billion), despite ongoing US sanctions. The growth was driven by its consumer business and rapidly developing smart car solutions. Although the company faced a decline in net profit earlier in the year, it continues to adapt to restrictions and enhance its technological capabilities.
Huawei reported a 22% year-on-year revenue increase in 2024, reaching over 860 billion yuan (US$118.3 billion), despite ongoing US sanctions. The growth, driven by consumer electronics and smart car solutions, marks the second-highest revenue in the company's history, showcasing its resilience and commitment to R&D. However, net profit fell by 13.7% to 62.9 billion yuan, attributed to increased capital spending on technology self-sufficiency.
Huawei Technologies reported a 22% revenue increase in 2024, reaching over 860 billion yuan (US$118.3 billion), despite ongoing US sanctions. The growth was driven by its consumer business, including smartphones and wearables, as well as rapidly developing smart car solutions. This revenue marks the second highest in the company's history, following a peak of 891 billion yuan in 2020.
Qualcomm (QCOM) reported strong Q1 fiscal 2025 results, with revenue of $11.67 billion, up 18% year-over-year, and adjusted earnings of $3.41 per share, surpassing expectations. Despite a cautious outlook due to the expiration of its licensing agreement with Huawei, Qualcomm is well-positioned for growth in the automotive, IoT, and AI sectors, supported by a "Moderate Buy" consensus from analysts.
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