Huawei's Smartphone Goals Amid U.S. Challenges

Rahul Bhagat

Huawei aims to double smartphone shipments to 70 million in 2024 despite the potential for further U.S. restrictions.

The company has been stockpiling components and working to secure supplies to meet this ambitious goal.

Huawei has asked Qualcomm to expedite its full-year chip order amid concerns about future export controls.

The company has collaborated on advanced chip production technologies with China's top chipmaker, SMIC.

Procuring chipmaking tools in 2018-2019 has provided a buffer against export restrictions.

Huawei's smartphone business suffered a significant decline due to previous U.S. crackdowns, but it aims to make a comeback with domestic demand driving its growth.

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