( Reuters) – Chinese telecoms equipment maker Huawei Technologies Co Ltd is concentrating on its budding cloud company, which still has access to U.S. chips despite sanctions versus the business, to secure its survival, the Financial Times newspaper reported.
Huaweis cloud computing service sells computing power and storage to business, consisting of offering them access to synthetic intelligence, and has actually been growing rapidly, the newspaper reported on Sunday, mentioning sources.
In January, Huawei put the unit on an equivalent footing with its mobile phones and telecoms equipment organizations, the feet reported on.ft.com/3hHJC3Y.
The system was stepping up its offerings and Beijing will progressively support the company through public cloud contracts, according to the report.
The administration of U.S. President Donald Trump has actually limited innovation exports to Chinese business in specific, notably Huawei, mentioning national security risks.
Reporting by Kanishka Singh in Bengaluru; Editing by Sam Holmes
SUBMIT IMAGE: A Huawei indication is seen outside its store at a shopping center in Beijing, China July 14, 2020. REUTERS/Tingshu Wang
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