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Huawei's founder, Ren Zhengfei, is actively countering U.S. export restrictions by innovating in AI chip production, focusing on advanced packaging and computing techniques. Despite being behind the U.S. in single-chip output, Huawei is making significant strides in AI and EV software, signaling resilience and adaptability in the face of sanctions. As U.S. firms like Nvidia acknowledge the growing strength of Chinese AI companies, Huawei's strategy suggests it can continue to compete without reliance on American technology.
Huawei's founder, Ren Zhengfei, is actively countering U.S. export restrictions by innovating in AI chip production, focusing on advanced packaging and computing techniques. Despite being behind in single-chip output, Huawei is making significant strides in AI and EV software, signaling resilience and adaptability in the face of U.S. sanctions. As competition intensifies, U.S. firms may find their lead diminishing faster than expected.
Ren Zhengfei, CEO of Huawei, emphasized resilience and strategic patience in a recent interview, urging society to support long-term theoretical research despite external challenges. His remarks resonate with a growing consensus in China on the importance of R&D investment, as the nation continues to advance in key technological fields, bolstered by a supportive industrial system and recent legislative measures aimed at enhancing the private sector's development environment.
European stocks remained flat as investors closely monitor the developments in the ongoing US-China talks. Market participants are awaiting clarity on the negotiations, which could significantly impact economic sentiment and trading strategies.
Gold prices dipped to around $3,312 per ounce as US-China trade talks showed positive signs, easing safe-haven demand. In Dubai, 24K gold is priced above Dh400 per gram, while 22K trades near Dh373, with steady buying expected despite potential minor price softening. Analysts forecast gold to reach $3,400 by June 2025, supported by ongoing inflation and debt concerns.
Apple Inc. focuses on designing, manufacturing, and marketing computer hardware and music support, with net sales primarily from telephone products (51.4%), followed by peripheral devices (9.5%), computers (7.7%), music support (6.8%), and other services (24.6%). Geographically, sales are distributed as follows: Americas (42.7%), China/Hong Kong/Taiwan (17.1%), Japan (6.4%), Asia/Pacific (7.9%), and Europe/India/Middle East/Africa (25.9%).
Huawei's CEO, Ren Zhengfei, claims the company's chips are only a generation behind U.S. technology, fueled by an annual research budget of $25.07 billion. Despite U.S. trade restrictions, Huawei is focused on self-sufficiency, developing alternatives like cluster computing and expanding its manufacturing capabilities across China. Ren emphasizes the importance of theoretical research for breakthroughs, asserting that software is not a bottleneck for their progress.
The Swiss stock market opened the week with losses, as the SMI index fell 0.2% to 12,343 points amid cautious investor sentiment due to uncertain US-China trade talks. UBS shares plummeted over 7% due to concerns over stricter capital requirements, closing down 4.8%. In contrast, cyclically sensitive stocks like Holcim, Logitech, and Richemont saw gains of 1% or more.
Huawei's founder, Ren Zhengfei, remains optimistic about the company's future despite US export controls, asserting that challenges in chip technology are manageable. He emphasized the importance of theoretical research and investment in innovation, stating that US restrictions have inadvertently accelerated China's semiconductor advancements. Ren highlighted the need for a robust education system to support talent development and predicted a long-term evolution in artificial intelligence, attributing China's progress to its socialist market economy.
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