Challenges will make Huawei stronger

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"After going through difficulties and challenges, Huawei will become stronger," said its Chairman Liang Hua at a press conference on Tuesday.

Despite the recent event, Huawei's operations and performance have been as usual. Its smartphone business won't be affected, either, Liang added.

Businesses as usual

In Germany, Huawei's businesses are going as usual; in France, it has been actively participating in the 5G construction for local operators; in New Zealand, its clients will maintain cooperation with Huawei while mediating with the government, he said.

Though opportunities for 5G market have just begun, the company has secured over 25 commercial 5G contracts, signed cooperation agreements with more than 50 global business partners, and shipped more than 10,000 base stations for 5G, the largest in the world.

So far this year, it has shipped more than 200 million smartphones, a new record for the company.

Huawei overtook Apple in the second and the third quarters of 2018 to become the world's second-largest phone vendor, according to market research firm IDC.

The company will release smartphones equipped with 5G chips in the first half of 2019, which will be massively produced for commercial end in the second half of next year.

Compliance and transparency to be strengthened

Huawei will strengthen compliance and transparency in its operations to secure customers' trust, and keep increasing investment in its advantageous fields, said Liang, who believes trust is the foundation for the company to grow further.

Since 2007 when the company first started cooperation with U.S. companies, Huawei has established a trade compliance management system, which covered all procedures including marketing, research and development, manufacturing, procurement and supply chain.

It has also established a financial compliance management system that systematically manages financial compliance risks.

A leading 5G service provider

Despite external pressure and difficulties, Huawei has developed by leaps and bounds in 5G technologies and will put more efforts in the industry.

As an industry-leading provider for 5G service, both in technology and commercial use, the company has built up its competitiveness with over 1,600 core patents.

"Huawei has participated in commercial testing of dozens of 5G networks around the world, and the data shows that Huawei is at least 12 to 18 months ahead of the rest of the industry in technology maturity," said Liang.

"The 5G network deployment involves the entire industrial chain of terminals, system equipment, core network, transmission, load bearing," he said, calling on related enterprises to cooperate for better exploration in technological development and commercial application.

Besides advanced technology, the company takes network security and privacy protection as the highest priority.

The company has decided to invest two billion U.S. dollars as a special budget for an overall upgrade of software engineering capability in five years, enabling products to better meet future challenges and a more complex network environment.

The company's original system will be further optimized and improved under the requirements by new technology development and operation.

"Huawei will follow the strategy set earlier, and won't make fundamental changes with the change of external environment," said Liang.