Latest news with #RenZhengfei
South China Morning Post
33 minutes ago
- Business
- South China Morning Post
Tech war: Huawei founder Ren says state-of-the-art chip performance can be achieved
Ren Zhengfei, the founder of Chinese technology giant Huawei Technologies , said the company's Ascend chips are still lagging behind those from the US 'by a generation', but state-of-the-art performance can still be achieved by using other tactics. Advertisement In a front page interview published on Tuesday with People's Daily, the mouthpiece of the Communist Party, Ren said by using methods like 'stacking and clustering, the computing results are comparable' to the most advanced programmes in the world. Huawei has patented some techniques to package chiplets on top of each other to make processors smaller. It was the first time that Ren spoke about the effects of US sanctions since the launch of ChatGPT in 2022. His comments echoed a view that Washington has failed to arrest China's technological advances, particularly in the field of artificial intelligence (AI). People visit Huawei's Ascend AI booth during the World Artificial Intelligence Conference in Shanghai on July 4, 2024. Photo: AP He said China has many advantages in developing AI, including 'hundreds of millions of young people' in addition to 'sufficient electricity and a developed information network'. 'China's power generation and power grid transmission are very good, and the communication network is the most developed in the world,' Ren said. 'In terms of software, there will be hundreds of open source software [programmes] in the future to meet the needs of the entire society,' he said. Advertisement The interview was published at a time when Washington is ramping up its restrictions on China and Huawei Technologies is in the eye of the storm. In May, the US Department of Commerce published new guidance saying the use of Ascend chips 'anywhere in the world' could be interpreted as a violation of American export controls.
Bloomberg
an hour ago
- Business
- Bloomberg
Huawei Founder Waves Off US Chip Curbs While Trade Talks Proceed
Huawei Technologies Co. founder Ren Zhengfei dismissed the impact of US export restrictions on China in a front-page People's Daily article, wading into one of the key topics dogging Washington-Beijing trade negotiations. Ren, one of the country's most recognizable business figures, told the Communist Party's official newspaper he wasn't worried about Washington's efforts to cut off the flow of US technology to China's chip sector. Domestic firms could resort to means such as chip packaging or stacking to achieve results similar to that from advanced semiconductor technology.
Yahoo
3 hours ago
- Business
- Yahoo
US exaggerating Huawei's AI chip achievements, China state media quotes CEO as saying
BEIJING (Reuters) -The United States is exaggerating Huawei's achievements when it comes to the Ascend AI chip, the chief executive of China's Huawei Technologies said, according to Chinese state media. Huawei's founder Ren Zhengfei said the company uses group computing to supplement single chips, according to an article by the People's Daily on Tuesday. The U.S. Commerce Department last month published guidance warning that companies risked violating U.S. export controls by using Huawei's Ascend AI chips, the Shenzhen-based tech company's most advanced semiconductor series.
Reuters
3 hours ago
- Business
- Reuters
US exaggerating Huawei's AI chip achievements, China state media quotes CEO as saying
BEIJING, June 10 (Reuters) - The United States is exaggerating Huawei's achievements when it comes to the Ascend AI chip, the chief executive of China's Huawei Technologies said, according to Chinese state media. Huawei's founder Ren Zhengfei said the company uses group computing to supplement single chips, according to an article by the People's Daily on Tuesday. The U.S. Commerce Department last month published guidance warning that companies risked violating U.S. export controls by using Huawei's Ascend AI chips, the Shenzhen-based tech company's most advanced semiconductor series.
Yahoo
31-03-2025
- Business
- Yahoo
China's Huawei 2024 profit drops; revenue rises at fastest rate in five years
By Che Pan and David Kirton BEIJING/SHENZHEN (Reuters) -China's Huawei Technologies said on Monday its profit fell by over a quarter in 2024 versus a year prior when income from the sale of its Honor handset unit provided an earnings boost, while its revenue grew at the fastest rate in five years. Net profit tumbled 28% to 62.6 billion yuan ($8.63 billion), which a company spokesperson attributed to heavy investment into research and development - reaching 179.7 billion yuan or about 20% of revenue - and not receiving any income from unit sales. Huawei sold its budget smartphone unit Honor to a Shenzhen government consortium in 2020 after U.S. sanctions limited its access to high-end chips and services from Alphabet's Google, with payments boosting profit in subsequent years. The Shenzhen-based firm reported 862.1 billion yuan in 2024 revenue, up 22.4% from 2023, with information and communication technology infrastructure contributing most to the figure, growing 4.9% to 369.9 billion yuan, Huawei said in a statement. Its gross profit margin in 2024 was 44.4%, down from 46.2% in 2023. Last year was the third successive year of growth since revenue tanked nearly a third in 2021 amid intensified U.S. curbs on access to advanced chips due to security concerns. It also came close to its 2020 peak of 891.3 billion yuan. Revenue from Huawei's consumer segment - which includes smartphones and other digital gadgets - rose 38% to 339 billion yuan, the second-highest growth across its five major segments. Huawei's intelligent automotive solutions unit - which helps traditional automakers make smart cars - saw revenue jump by more than 4.5 times to 26.4 billion yuan. It also eked out a profit for the first time last year. In a press release, Huawei's rotating chairwoman and chief financial officer, Meng Wanzhou, the daughter of Huawei founder Ren Zhengfei, said the results were in line with forecasts. "In 2024, the entire team at Huawei banded together to tackle a wide range of external challenges," Meng said, adding that Huawei devices are back in the fast lane. Huawei said it will continue to open up its platform capabilities to ecosystem partners and provide developers with tools and products in domains including its HarmonyOS, Kunpeng, Ascend and cloud computing products. Huawei has emerged as a centre for Chinese technological innovation in chips and operating systems amid a Sino-U.S. tech war, with its executives previously saying that U.S. action had pushed the company into "survival mode". The company has in past months struck a more confident tone, with founder Ren Zhengfei telling Chinese President Xi Jinping in May that concerns China had about a lack of home-grown chips and operating systems had eased. ($1 = 7.2503 Chinese yuan renminbi)
