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Huawei's HiSilicon has doubled its revenue in 2024, achieving 100% year-over-year growth despite stringent US sanctions, primarily driven by strong domestic smartphone sales. The company has captured 12% of the global premium Android smartphone chip market, but faces increasing competition from MediaTek and challenges in expanding its semiconductor capabilities globally. As part of a diversification strategy, HiSilicon is also venturing into the automotive sector, aiming to reduce reliance on smartphone chips amid ongoing international restrictions.
Huawei is set to emerge as a significant player in the desktop OS market with its HarmonyOS, following the loss of access to Microsoft Windows due to US sanctions. The company is expanding HarmonyOS across its devices, potentially attracting over a billion users and achieving a level of platform convergence that has eluded Microsoft. Founder Ren Zhengfei's pivot to software aims to enhance Huawei's independence and autonomy in the tech landscape.
Huawei's development of the Ascend 910D AI processor poses a significant challenge to Nvidia's dominance in China, particularly as the country pushes for technological self-sufficiency amid escalating US-China tensions. With Huawei's production efficiency improving and state support encouraging local tech adoption, Nvidia faces potential revenue losses from its crucial Chinese market. However, technical hurdles and a competitive software landscape remain as Huawei seeks to establish itself as a viable alternative in the AI chip market.
China is rapidly advancing in AI, with significant patent registrations and the emergence of companies like Deepseek, which launched a competitive AI model. Despite American sanctions, Huawei is developing the Ascend 910C chip to fill the gap left by Nvidia, although challenges in manufacturing and technology access remain. China's dependence on Western suppliers for advanced chip production poses a long-term risk to its AI ambitions.
Huawei's upcoming Ascend 910D AI chip could challenge Nvidia's dominance in China, as it aims to outperform Nvidia's H100 processor amid ongoing US trade restrictions. With significant improvements in chip production efficiency and state support for local tech, Huawei is poised to reshape the AI hardware landscape, despite facing challenges in software ecosystem development and supply constraints. The success of the 910D would validate China's push for technological self-sufficiency in semiconductors.
The Chinese smartphone market grew by 5% in Q1 2025, with 70.9 million units shipped. Xiaomi led with a 19% market share and 40% annual growth, benefiting from a new device subsidy program, while Huawei followed closely with 18% market share and 12% growth. Oppo and vivo each held 15%, and Apple captured 13%, as AI-capable phones surged to 22% of shipments, expected to reach 40% by year-end.
Eva Dou’s "House of Huawei" explores the rise of the Chinese telecom giant amid US-China tensions and global tech rivalries. The book chronicles Huawei's evolution from obscurity to a global powerhouse, highlighting its controversies, technological achievements, and the geopolitical implications of its dominance. Dou presents a nuanced view of Huawei, reflecting on trust issues that now shape global technology policy and the broader narrative of China's ascent as an innovation leader.
Huawei reported a 22.4% revenue increase in 2024, reaching C¥862.1 billion, the fastest growth in five years, despite a 28% drop in net profit to C¥62.6 billion due to heavy R&D investments. The consumer segment saw a 38% rise, while the intelligent automotive solutions unit's revenue surged over 4.5 times.
Huawei Technologies experienced a 28% profit decline in 2024, totaling 62.6 billion yuan ($8.63 billion), despite a robust 22.4% revenue increase to 862.1 billion yuan, the highest since 2020. The company invested heavily in R&D, focusing on innovation amid US sanctions, which impacted profits due to the absence of income from the Honor unit sale.The information and communication technology sector grew by 4.9%, while the consumer sector, including smartphones, surged by 38%. Notably, Huawei's automotive solutions became profitable, with revenue increasing fourfold to 26.4 billion yuan, underscoring the company's commitment to self-reliance and technological advancement in a challenging geopolitical landscape.
Huawei is set to report a record revenue of 860 billion yuan ($118 billion) for 2024, nearing its 2020 peak, after selling 45 million smartphones, a 25% increase from the previous year. The company has successfully navigated US sanctions by diversifying into new industries, developing its own technology, and expanding in the automotive sector, particularly in autonomous driving. With its proprietary HarmonyOS now on over a billion devices, Huawei is positioning itself as a leader in both consumer electronics and electric vehicle technology.
Ren Zhengfei
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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