Huawei turns to cloud biz for survival as it still has access to US chips

Huawei Technologies, to secure its survival, is focussing on its cloud business which still has access to US chips despite sanctions against the company. The Trump administration restricted technology exports to Chinese companies, citing security reasons. This led to Huawei running out of processor chips, hurting its telecom business. Its cloud computing biz sells computing power, storage and AI access to the companies and has been growing rapidly.

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