Chinese tech giant Huawei struggles under the influences of the US sanctions, the company’s founder and CEO Ren Zhengfei said the tech giant is now looking towards cloud services as its primary focus, over its smartphones and 5G operations.
As per reports, the senior executive of the Chinese tech giant had made the announcement in an internal speech back in November 2020.
The founder had said that the company must build up its strength in cloud services and that the brand needed to also make a “breakthrough” in the field. The official added that “It is impossible for us to simply follow the same path as Alibaba and Amazon … They have access to unlimited money in the US stock market.”
Ren said that, the company should learn from companies like Amazon and Microsoft, both of which are major names in the global cloud services field. These brands focus on infrastructure as a service (IaaS) and platform as a service (PaaS). For those unaware, customers of these companies pay a fee to utilize their computing resources such as networking and data storage.