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Huawei will not be beaten to death despite $30b hit: Ren Zhengfei

Published

4 years ago

June 17, 2019

After finishing with revenues over $100 billion — 721 billion yuan — for 2018, Huawei is expecting to drop $30 billion of revenue from its forecast due to the trade war with the United States.

“In the next two years, I think we will reduce our capacity, our revenue will be down by about $30 billion compared to forecasts,” Huawei founder Ren Zhengfei said in Shenzhen on Monday.

“Our sales revenue this year and next will be about $100 billion.”

Ren said over the next two years, the Chinese giant would look to switch out some of its technical foundations, which could hit US component makers, after which the company would become stronger.

“We are strong, I think there is no way we will be beaten to death,” he said.

Ren also confirmed that Huawei’s international smartphone shipments had dropped by 40%, but said Chinese growth is “very fast”.

On the recent sale of its subsea cable business, Ren said the decision was a not a swift one.

“We were quite successful in that business,” he said. “It’s not because we were attacked and the business went badly, and sold it.”

“We thought that’s not part of our core business that’s why we decided to sell it, and for the other businesses we will not have spin-off or sale — we might shrink our size.”

Ren claims historic IP thefts not possible

The Huawei founder brushed aside accusations of intellectual property theft by the company, saying the company has always behaved itself.

“Even if we were small, we have very strong business ethics and integrity, otherwise we cannot come to where we are today,” Ren said.

“The claims of Huawei theft of IPR, that’s not possible.”

Ren’s statement will likely draw raised eyebrows in Cisco headquarters, which sued the Chinese giant for infringing on its patents and copying its source code in 2003.

Almost a decade later, Cisco called Huawei out for stating the suit was unjustified, and challenged Huawei to release an expert report from the time of the incident.

“In fact, within a few months of filing suit, Cisco obtained a worldwide injunction against sale by Huawei of products, including our code for a Cisco-proprietary routing protocol called EIGRP, and Huawei publicly admitted that the code had been used in their products and they pledged to stop,” Cisco’s senior vice president, general counsel, and secretary Mark Chandler said at the time.

Huawei is currently facing charges in the US for allegedly stealing trade secrets from T-Mobile. The alleged activity occurred during 2012-13, and relates to Huawei’s attempts to build a robot similar to the one T-Mobile was using at the time to test mobile phones.

The US indictment related to the case alleges Huawei offered bonuses to employees for stealing information, before needing to clarifying for its US employees that such behaviour would be illegal.

“The charges unsealed today clearly allege that Huawei intentionally conspired to steal the intellectual property of an American company in an attempt to undermine the free and fair global marketplace,” FBI Director Christopher Wray said in January.

The Chinese giant has pleaded not guilty.

Speaking on Monday, Ren said although Huawei has a large number of patents, it has not been aggressive in seeking royalties from other companies.

“Over the past eight years, we were not aggressive seeking IPR royalties to companies that use our IPR, that’s because we were busy pursuing our business growth,” he said.

“We may try to get some money from those companies who use our IPR, but we will not be as aggressive as Qualcomm.”

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Cars

2024 Genesis GV60 RWD Fixes The EV’s Biggest Problem

Published

4 hours ago

October 4, 2023

Francisco Peguero

The 2024 Genesis GV60 Standard RWD trim has a starting MSRP of $52,000. The GV60 Advanced AWD and GV60 Performance AWD models start at $60,550 and $69,550, respectively. Another issue cited in SlashGear’s review of the 2023 Genesis GV60 was the vehicle’s limited availability in North America, a problem that hasn’t quite been solved. The GV60 Standard RWD and GV60 Advanced AWD are currently available at select retailers in 23 states, while the availability of the GV60 Performance AWD hasn’t yet been announced.

Despite limited availability, the 2024 Genesis GV60 shouldn’t be overlooked when considering a new EV, especially considering its increased range. Other standard features new to the Genesis GV60 include a Wi-Fi hotspot capability, Highway Driving Assist II, and Advanced Forward Collision Avoidance-Assist. Plus, Genesis added more airbags to the 2024 model, as well as a seat belt pretensioner, load limiter, and rear seat belt reminder.

The luxury EV also retains advanced features Genesis had implemented in previous models, including tech that allows drivers to operate their vehicle using fingerprint and/or facial recognition in lieu of a key. Additionally, it uses a glowing crystal ball as its drive shift, which may be the vehicle’s most unique and innovative feature. Anyone interested in purchasing a 2024 Genesis GV60 can visit a local Genesis retailer or the automaker’s website for more details.

Cars

The History Of Presidential Aircraft From Roosevelt To Biden

Published

5 hours ago

October 4, 2023

Francisco Peguero

Just as the 20th century dawned, a new age of mankind was dawning. Near the end of 1903, Wilbur and Orville Wright accomplished a previously insurmountable task that would alter the course of humanity for the next century and beyond. On December 17, 1903, the Wright brothers took flight in their flying machine.

The dream to touch the sky was a dream no longer, and it was only a matter of time until the President of the United States grasped the import of the development. Nearly a decade after the Wright brothers took the first flight in human history, former President Theodore Roosevelt became the first President to ever fly.

At the time, Roosevelt had been out of office for over a year. At a county fair in St. Louis, Missouri in 1910, President Roosevelt was flown over the crowd. Although a rather inconspicuous occasion, this would be the historic first for presidential air travel. The brief trip was made in a Wright Flyer by Archibald Hoxsey, who himself worked for the Wright Brothers. The Wright Flyer is the comparatively primitive airplane the Wright Brothers designed to enable air travel. The first airplane was born of the Wright Brothers’ experimentation with gliders, which ultimately led them to attach a propulsion system.

After President Roosevelt’s flight, presidential aviation didn’t really pick up any momentum for over two decades. Although Theodore Roosevelt was the first president to ever take to the sky, it would be his distant cousin, Franklin Delano Roosevelt, who would be in office for the birth of presidential air travel as we know it today.

Cars

Nintendo Announces End Of Online Service For 3DS And Wii U Following eShop Shutdown

Published

8 hours ago

October 4, 2023

Francisco Peguero

Nintendo 3DS and Wii U gamers will still be able to play offline games on their devices. Users will also be able to download update data and any software or DLC already purchased from the Nintendo eShop. However, it’s important to note that you cannot simply go and purchase the games you missed out on before the shutdown, as the online store ceased operations in March of this year.

A few services will remain functional after Nintendo completes its general online shutdown. StreetPass, the application that lets users communicate directly between devices, will remain available since it utilizes a local connection.

Additionally, the “Pokemon Bank” and “Poke Transporter” applications will retain their online functionalities. “Pokemon Bank,” made free earlier this year, allows users to store up to 3,000 Pokemon in an online bank. “Poke transporter” is a companion application to “Pokemon Bank” that allows users to transfer Pokemon from Gen 5 games and the Virtual Console versions of Gen 1 and 2 to their online inventory.

Although Nintendo is keeping these applications functional for now, it stated that they “may also end at some point in the future.” Many “Pokemon” fans are urging others to transfer their pocket monsters to the Switch’s “Pokemon Home” before it is too late.