Huawei Technologies Ltd is spending a lot on developing its own processor technology, an area where US retailers are global leaders. This can help Huawei for the multi-billion-year annual bill for components and the risk of US ship breakdowns.
Huawei’s new device will be the company’s first folding phone and will be unveiled next month at the industry’s largest annual event, the Mobile World Congress, said Richard Yu, CEO of the company’s consumer unit.
The phone is based on Huawei’s Kirin 980 processor and Balong 5000 modem instead of the components of traditional suppliers such as US-based Qualcomm Inc.
Huawei‘s sales and other consumer products showed “no impact” from Western security warnings and rose more than 50 percent last year, Yu told reporters. Huawei has not yet published the 2018 financial results for the entire company.
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