On the carrier side, commercial deployment of 5G networks
has accelerated worldwide. To date, Huawei has signed over 60 commercial 5G contracts
with major global carriers and shipped over 400,000 5G Massive MIMO active
antenna units (AAUs) to global markets.
Huawei saw steady growth in the production and supply of its optical transmission, data communications, and IT products. The company’s cloud service development has been accelerating and during the third quarter, the firm released Atlas 900, the fastest AI training cluster in the world.
Also read: Bank of America Q3 2019 Earnings Report
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Huawei has been facing restrictions
and prohibitions from the US, which has banned the company from doing business
with American companies citing security risks. Huawei was given a reprieve till
November on this front.
The US also excluded Huawei from its 5G plans and requested its allies to do the same. Germany, however, has refused to ban Huawei or any other supplier upfront. Huawei saw good growth in 5G customers in Europe in the year-to-date period.