• By The Financial District

Battered By U.S. Sanctions, Huawei Pushes 5G Tech In China

China’s Huawei Technologies Co. is providing smart services and 5G technology to industries such as healthcare and creating new revenue streams that might offset the damage to its smartphone business from US sanctions, Zen Soo reported for the Associated Press (AP).

Photo Insert: Huawei Shenzhen, China

In the southern city of Guangzhou, the company teamed up with the Guangdong Second Provincial General Hospital to equip it with 5G technology and more than 10,000 smart devices that can collect and transmit real-time health data from patients to doctors and nurses to improve patient care.

5G is an ultra-fast wireless technology that has little lag time and can support a massive number of smart devices connected to the internet simultaneously. The current mainstream technology, 4G, is slower at transmitting data and can support fewer devices.

Huawei is the world’s largest supplier of 5G technology equipment, even though it is shut out from the U.S. and some other major markets. Last year, it briefly also was the world’s largest smartphone maker, surpassing South Korean handset maker Samsung.

But sanctions imposed by Washington have restricted Huawei from obtaining the computer chips necessary for its smartphones. Last month, the company forecast its smartphone revenue could drop as much as $40 billion — or about 80% — this year.

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