Huawei is looking to software engineering to boost business resilience to cope with the uncertainty brought by geopolitical tension, the resurgence of COVID-19, and US bans.
In a statement issued during the company’s 18th Global analyst summit, Huawei’s Rotating Chairman Eric Xu said the company is keen to boost its resilience amid the pandemic based on the guiding principles.
“Business resilience is our guiding principle. We want to boost the resilience of our entire business, and since last year we have been working to optimize our portfolio with this goal in mind,” said Eric Xu.
Eric Xu said one of the priorities is to further strengthen Huawei’s software engineering capabilities.
“We’re on the lookout for new business opportunities in the software sector. When we find the right fit, we will step up investment to increase the percentage of software and services in our revenue mix,” said Eric Xu.
In late November 2018, Huawei decided to invest Ksh.213 billion ($2 billion) into upgrading software engineering capabilities.
Autonomous driving software is one of the main focuses of the company software investment plan. According to Eric Xu, autonomous driving software is at the center of entirely unmanned driving.
“With intense investment in autonomous driving software, our hope is to drive these trends forward as they facilitate the integration of the automotive and ICT industries, which in turn creates long-term strategic opportunities for Huawei. Once unmanned driving becomes a reality, we will see disruption in practically all adjacent sectors and trigger the most disruptive industry transformation the world will see in the next 10 years,” said Xu.
He made the statement at the summit that was attended by more than 400 people for a three-day event that ran from April 12 to 14 themed “Building a Fully Connected, Intelligent World.”
Huawei’s sales revenue in 2020 rounded off at Ksh.14.6 trillion (CNY891.4 billion), up 3.8 percent year-on-year, and its net profit reached Ksh.1.06 trillion (CNY64.6 billion), up 3.2 percent year-on-year.
