Huawei’s chairperson, Liang Hua, recently made an announcement at a conference in China indicating the company’s positive financial outlook, with expectations to meet revenue targets for 2024. This forecast suggests that Huawei has earned approximately ¥860 billion ($118.25 billion), reflecting a 22 percent growth compared to the previous year.
According to a report by the Chinese outlet Shenzen Business Daily, Hua highlighted the strength of Huawei’s information and communication technology business, the returning growth of its consumer business, and the rapid development of its new smart car solutions business. These statements reflect the company’s resilience and growth in the face of various sanctions and bans that have impacted its telecoms business in multiple countries.
Despite challenges such as the sale of its Honor smartphone brand in 2020 and economic uncertainties in China, Huawei has managed to maintain a positive trajectory in its business operations. Hua’s comments provide insights into the company’s ability to adapt and thrive in a competitive market environment.
In other news, Japan has proposed a shift towards a more proactive cyber-defense stance, allowing for pre-emptive action to safeguard critical infrastructure. The cabinet’s bill aims to enhance Japan’s cybersecurity capabilities in response to ongoing threats and attacks targeting the nation’s infrastructure. However, concerns have been raised about potential privacy implications related to the monitoring of telecommunications services under the proposed legislation.
Additionally, China has unveiled plans for a mission to the Moon’s south pole, featuring a “hopper” capable of conducting repeated flights across the lunar surface. The Chang’e-7 mission, scheduled for launch in 2026, will explore sunlit areas and craters to search for water ice, marking a significant advancement in China’s space exploration efforts.
Meanwhile, Indian IT giant Infosys has come under scrutiny for the alleged improper termination of 700 staff members, prompting protests from workers’ rights organizations. The company has refuted claims of unfair practices, citing performance-related reasons for the layoffs. The incident has sparked a debate on employee rights and labor policies in India’s technology sector.
Thailand’s government has taken decisive action against camps involved in cyber scams by cutting power and internet services to these illicit operations. Prime Minister Paetongtarn Shinawatra has pledged further measures to dismantle these criminal networks, signaling a commitment to combatting cybercrime within the country.
In a significant business deal, Japanese high-end PCB-maker FICT Limited has been acquired by US private equity firm MBK Partners and semiconductor testing outfit FormFactor. The transaction, valued at 100 billion yen ($656.3 million), highlights the growing interest in advanced technology and computing components.
Lastly, reports indicate that Nissan has abandoned plans to pursue a merger with Honda, a decision that may impact the competitive landscape in the electric vehicle industry. Discussions around a potential merger involving Taiwan’s Foxconn have also faltered, signaling potential shifts in strategic partnerships within the automotive sector.
Overall, these developments in the technology and business sectors across Asia demonstrate the dynamic nature of the region’s economy and the evolving trends shaping various industries. Businesses continue to navigate challenges and seize opportunities for growth and innovation in a rapidly changing global landscape.