Huawei operations returned to normal – Hu Houkun (2024 Speech)

Huawei chair Hu Houkun has confirmed that the company’s datacenter is the key to success in 2024. In an end-of-year speech, Hu described Huawei’s tech infrastructure business as the its “ballast” and predicted its computing, storage, and networking tech will ensure Huawei can participate in customers’ digital transformation efforts across many industries.

Huawei AI has created a high demand for computing infrastructure. Huawei intends to cash in, and Hu said recent achievements in large-scale hardware deployments show the multinational manufacturer can meet the moment.

He wrote,

“After several years of hard work, we have withstood the severe test and the company’s operations have basically returned to normal,” Hu wrote. He predicted 2023 revenue will land at ¥700 billion ($98.5 billion) – a small jump from 2022, but still well below the ¥891 billion ($125 billion) recorded in 2020. In 2023, sales of handsets and other personal devices delivered better-than-expected numbers, the datacenter infrastructure biz was stable, digital infrastructure for the energy sector and cloud both grew strongly, and the EV business reached a stronger position.