Huawei Chairman Guo Ping is optimistic that Huawei will be able to rebuild its mobile phone business, and will not give up working on the sector.
Huawei's mobile phone business is currently in a slump, or rather worse, after they were blacklisted by the United States government in 2019, when Donald Trump was still president.
Their fortunes did not improve after Trump was replaced by Joe Biden, who apparently continued to ban Huawei. Such as the prohibition of companies from the US or companies that use technology from the US to do business with Huawei.
"Everyone knows that cellphone chips require advanced technology with small sizes and low power consumption. Huawei can design (chips) like that, but no one can help us produce them. We are stuck," said Guo in an interview session.
But Guo is optimistic that the problem can actually be solved.
"Huawei will continue to exist in the realm of mobile phones and with an increase in chip production, the (Huawei) throne in the mobile phone business will be won again," he concluded.
Huawei at that time was the largest mobile phone manufacturer in the world, but now they are no longer in the list of the top five mobile phone makers with the largest market share in China, for the first time in seven years.
To overcome the blow from the US, Huawei had to release its Honor business unit in November 2020. The goal is of course to keep their business running.
Huawei's own revenue in the first half of 2021 plunged 29%, their biggest revenue drop in history. The biggest decline clearly occurred from the consumer sector, which includes the mobile phone business, which fell 47% percent to USD 21 billion.