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  HOME | Business & Economy (Click here for more)

Huawei Says US Ban on Its Equipment Would Not Affect Company

BEIJING – Chinese tech company Huawei’s president of marketing said on Wednesday that the United States’ proposed ban on the use of its products would not affect the company’s economic progress as it had a very low business volume in the US.

“Our business in the US is not very big, and we are a company with global operations,” Wang Tao said in a press conference in Beijing, adding that Huawei was present in 170 countries and regions, which made it less dependent on its activities in the US.

He added that some governments had confused technical issues related to cybersecurity with political and ideological problems, which was “not constructive” for any side.

“Viewing a company as a threat to the security is not a good way to move forward. This is not helpful in building cybersecurity in intelligent societies of the future,” Wang said.

The executive was speaking during the launch of the world’s fist artificial intelligence database, GaussDB, unveiled by the company after spending almost nine years on its development.

Huawei also launched a new “best-performing” distribution storage software FusionStorage 8.0, which aims to help companies avoid having to erase information from their databases.

“More and more enterprises do not delete data anymore, and AI will help enterprises use more and more data. Image, video, and audio will become valuable thanks to AI. This data will account for 90 percent of all storage,” said Joy Huang, vice president Huawei IT Product Line.

Responding to fears about the trustworthiness of these new products, Wang Tao insisted that the company had very high security standards and respected data property rights.

“Compared to our competitors, Huawei has a lot of respect for ownership (of data). We don’t own the data. In terms of Huawei cloud, we promise to not monetize the use of the data. We don’t own the data,” Wang said.

The Chinese telecom giant posted a 25.1 percent jump in profits in 2018, which touched 59.3 billion yuan ($8.85 billion), despite facing espionage allegations in the US and other Western countries.

Washington has banned all US government agencies from using Huawei products, a decision termed unconstitutional by the Chinese company, which has filed a lawsuit against the US government in this regard.

The ban has not had a big impact on the company’s coffers, with manufacturing jumping by 39 percent in the first quarter of 2019, and worldwide smartphone sales reaching 59 million units in the same period.

 

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