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WASHINGTON: Chinese telecommunications equipment maker Huawei is focusing on its fledgling cloud business, which still has access to American chips despite sanctions against the company, to ensure its survival, the Financial Times reported.
Huawei’s cloud computing business sells computing and storage power to companies, including giving them access to artificial intelligence, and has been growing rapidly, the newspaper reported on Sunday (Aug 30), citing sources.
In January, Huawei put the unit on an equal footing with its smartphone and telecommunications equipment businesses, FT reported.
The unit was stepping up its offerings and Beijing will increasingly support the company through public cloud contracts, according to the report.
The administration of US President Donald Trump has restricted technology exports to Chinese companies in particular, particularly Huawei, citing national security risks.
