Founded in 1987, Huawei is a leading global provider of information and communications

particularly 5G, cloud computing, AI, and blockchain 
– are speeding up the digital transformation of all 
industries. This will present enormous opportunities.
That said, Huawei’s external environment is 
more volatile and complicated than ever, and the 
COVID-19 pandemic has changed people’s lives 
and hit major industries, including the aviation and 
logistics industries, very hard. The global economy 
is struggling, and the world must now face the 
significant challenge of deciding how globalization 
should progress. In the long term, the US government 
will continue to suppress the development of leading 
technologies, making it difficult for Huawei to survive 
and thrive.
Looking towards the future, we can see that the 
digital economy will definitely become the main 
engine for global economic growth, and governments 
and businesses will all go digital and intelligent. 
Huawei will leverage its ICT strengths to enable the 
digital transformation of all industries, and ultimately 
bring digital to every person, home and organization 
for a fully connected, intelligent world.
Going forward, we remain committed to embracing 
and leveraging a global supply chain to hone 
our competitive edge. Beyond developing leading 
products, we need to extend our roots deep into 
the soil and build a diverse ecosystem that does not 
depend on any one country. We also need to go 
beyond the limits of the skies above us, striving for 
theoretical breakthroughs, technological inventions, 
and ground-breaking products and business models. 
We will keep enhancing our software engineering 
capabilities, pressing ahead with our US$2 billion five-
year budget for building quality, trustworthy products 
and solutions.

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2020 Annual Report