A Huawei executive mentioned having invested $20 billion in chips and related areas, Aicaijing.com quoted a partner who visited Huawei recently as saying.
"I have confidence in Huawei, it's a matter of time," the partner said.
The report also quoted an unmanned analyst as saying that if Qualcomm provides Huawei with chips, it is unlikely that Huawei will do its best to use Qualcomm.
Huawei may also reduce the number of high-end models and go for greater investment in convergence products, the analyst said, adding that Huawei's GT series watches have become the world's highest-selling smartwatches and Huawei has sold 1 billion smart connected devices across all scenarios.
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"The bad news is here and it can't get any worse, so we have to try to have some good news later. Think of all the ways to solve the supply and let our business continue." Richard Yu, CEO of Huawei's consumer business, has said.
Ren Zhengfei, the founder of Huawei, recently mentioned that the difficulty Huawei encounters is that they design advanced chips that China's basic industry can't yet build. The weakest link in China is the advanced process, and the best for mass production at the moment is the 14nm process.
At the beginning of September this year, the then Huawei rotating chairman Guo Ping also responded to the chip problem, saying "will continue to maintain investment in HiSilicon, while helping front-end partners to improve and build their own capabilities. I believe we will have a stronger HiSilicon in a few years."
HiSilicon's smartphone chip market share rose 4 percentage points in Q2 despite constraints