Chinese handset maker Huawei Technologies plans to begin construction of its cellular-network handset factory in France in 2024, Chinese media reports citing a source close to the matter.
The French factory would be Huawei’s first factory in Europe, according to the report.
Plans presented for the plant with an initial investment of €200 million ($215. 28 million) in 2020. However, the structure of this facility has been delayed due to the Covid-19 pandemic, the source said.
The source clearly indicated when the Brumath plant near Strasbourg will be fully operational.
According to the report, a French government source said it is expected to open in 2025.
The report also noted that Huawei is moving ahead with this project despite the fact that some European governments restrict or ban the use of equipment made by Chinese vendors Huawei and ZTE over security concerns.
Huawei generated CNY 456. 6 billion ($62. 5 billion) in the first three quarters of the year, up 2. 4% year-on-year.
Ken Hu, Huawei’s rotating president, noted that the vendor will continue to increase its investments in R
The seller noted that its customer business had noticed an expansion in profits during the period, without offering express figures. It added that its virtual energy and cloud computing businesses saw strong expansion between January and September.
Huawei also said it posted a profit margin of 16% in the era, up from 6. 1% in the same era last year.
“5G has become a new growth engine for mobile operators in the consumer market. For leading mobile operators around the world, 5G now accounts for the majority of network traffic. In particular, video-based applications are changing consumption habits, driving a three- to five-fold increase in network traffic and 10%–25% average increase in ARPU. 5G has also helped mobile communications networks expand into the vertical industry market – one of its biggest differences with 4G,” Hu said during his keynote presentation at MBBF 2023, which took place in Dubai in October.
“Lately there are more than 50,000 commercial 5G programs internationally and more than 10 million 5G connections in commercial environments. In the past 4 years, we have known key scenarios for commercial programs, such as remote control, video backhaul, device vision, and positioning. , where we can maximize the price of 5G. We also know sectors such as mining, ports and production where we can develop 5G capabilities. “
At MBBF, Li Peng, senior vice president of Huawei and chairman of the vendor’s operator business group, called on global operators and industry to start working towards the provision of long-term services, which will be provided through 5G-Advanced.