Luxshare Precision is a Chinese electronics manufacturer. It provides tech makers with essential components for devices. The company is one of the major suppliers of Apple for its smartwatches, iPhones, AirPods, and HomePods.

It seems the Luxshare Precision is now expanding its supplier business for Huawei wearables. According to a new report, Luxshare is planning a huge investment to build production facilities for both Apple and Huawei smartwatch products.

The Chinese supplier may soon invest $150 million in Nghe An, Vietnam. It aims to lay new production lines in Southeast Asia that can boost the development of wearables for Apple and Huawei. The other details on this matter are unknown.

Luxshare has been planning the investment for a long time. Apart from the wearables, it may also establish production facilities for Apple’s handset to become the second-largest iPhone assembler after the Taiwanese Kunshan plant.

Luxshare to reportedly increase Huawei smartwatch production (Image Credits: Huawei/X)

Huawei Smartwatches

Huawei continues to appear as a top rival in the smartwatch market. The company has recently unveiled several wrist gadgets like the Watch GT 5 series, Watch D2, and Watch Ultimate Green Edition in the global market with interesting features.

On the other hand, it introduced a new TruSense health system that bears advanced sensors to detect the precise health of an individual and offer accurate reports within seconds. This tracking capability makes Huawei wearables a powerful opponent against its rivals in the Chinese and global markets.

The Chinese OEM may tie hands with the Apple iPhone assembler – Luxshare in the time ahead to increase its smartwatch production in the respective region.

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Chen Xinxin – the general manager of HarmonyOS Industry Solutions has attended the China International Fair for Trade-In Service on Saturday. At the summit, the executive shed light on the HarmonyOS app ecosystem and its development.

Xinxin says that Huawei is planning to soon invest $1 billion (more than 7 billion yuan, approx $987 million) to encourage the HarmonyOS native apps promotion.

The motive is clear. Huawei is looking for every possible effort that expand the HarmonyOS app ecosystem. It seems a key challenge for the company as Android with GMS (Google Mobile Services) and iOS still occupy space in its home ground.

But Huawei is steadily moving ahead on this matter. The company reached the 4000+ HarmonyOS native apps development mark in April this year. In the coming months, the tech giant may achieve a new record in this segment.

Huawei will promote native HarmonyOS apps with a $1 billion investment (Image Credits: Huawei)

During the HDC 2024 event, the Chairman of Huawei Consumer Business Yu Chengdong said HarmonyOS exceeded 900 million installations with 2.54 million developers. Thanks to several new features that enhanced the user experience.

Over time, many developers have joined the new HarmonyOS native app journey. Some popular names are JD.com, Bilibili, KFC, McDonald’s, and more. JD is even ready to unveil the official HarmonyOS NEXT-based shopping app later this month.

According to Huawei, many enterprises have ditched Android and iOS app platforms in favor of native HarmonyOS apps. The company further believes that the rise of HarmonyOS will benefit China to become independent and controllable.

HarmonyOS NEXT stable is ready to debut on the consumer platform. The inputs reveal that Huawei will officially launch its self-developed OS by the end of this month. Meanwhile, the Mate 70 series will also come out of the box with a new software system.

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Honor recently wrote an email to Bloomberg. The company described the latest investment made by China Mobile and how the cooperation will work in the future.

An Honor spokesperson revealed on Friday (August 23, 2024) that both companies will look after their responsibilities to promote digital services. This will ultimately offer a stable, better, and more efficient network experience for Chinese consumers.

“Both parties will give full play to their respective advantages and jointly provide consumers with a better and more innovative experience.”

The former Huawei subsidiary added more statements to China Mobile’s investment. It says that Honor has always worked on open and transparent development for its consumers. The company welcomes China Mobile in financial investment with good synergy in the innovation of the commercial and consumer device market.

China Mobile and Honor have not disclosed major details of this investment such as the amount of purchasing stakes and more. Though ‘China Mobile invests in Honor’ news will bring industrial and economic benefits for both companies.

Last year, Honor said that it was looking to improve its ownership structure. It started preparing for an IPO (initial public offering) after being separated from its parent firm Huawei. This initiative shows a step towards diversifying the company’s capital.

The next step in China Mobile and Honor cooperation would likely become official in the upcoming days. Stay tuned.

China Mobile invests in Honor to boost digital services: (Image Credits: Honor/X)

[Source – Bloomberg]

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Huawei established the Yinwang Intelligent Technology in January 2024 with a capital of 1 billion yuan. It targets the production and sales of smart car solutions, equipment, spare parts, and other components required to develop an electric vehicle.

The report reveals that SERES shared its investment plan yesterday. The automaker is already talking with Yinwang Intelligent Tech on this topic. A major aim of the investment is to raise the Shenzhen firm and make it a better smart car solution company.

AITO maker also hopes to see Yinwang Technology as an open solution provider for its smart cars. In this way, SERES will get more help to build better automobiles and could soon become the leader in intelligent driving systems as well as advanced auto parts.

Inputs further reveal that the new deal will lead Yinwang to become the subsidiary of the SERES. But this agreement won’t change the scope of combined accounts.

SERES reportedly plans to invest in Huawei smart car solutions business (Image Credits: Huawei Central)

Another piece of information on this topic states SERES market value increased by 2 billion after its plan to invest in Huawei smart car solutions went online. The 5.3% share immediately touched the 6.4% bar this morning on the trading screen.

The story began last year when Huawei called out its automobile partners to buy shares in its automotive solutions business. After months, SERES appeared as the first to lead in this subject. However, the automaker has not disclosed the amount yet.

In November 2023, the Chinese tech giant joined forces with Changan Auto for “Investment Cooperation”. Following this cooperation, SERES also mentioned that it obtained an invitation to acquire shares and has initiated a discussion on it with Huawei.

Now SERES seems ready to enter this cooperation. As per the reports, the company confirmed the new plan via a document surfing on the internet.

SERES investment plan document (Image Credits: MyDrivers)

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The story began when Liu Shuwei – the former director of Royole Flexible Screen Technology posted a huge summary on the Internet. The note talked about how the company’s founder – Liu Zihong made some bad decisions for the firm.

Shuwei mentioned that Huawei tried to invest in Royole Technology years back, assuming that the firm would ship advanced display panels for its devices.

Although Royole rejected the investment proposal at that time, digging a big hole for itself. This is so because Liu Zihong thought of standalone all the challenges and produce products like Samsung. Although later on, things proved in vain.

Huawei Responded:

When heard of this theory on the Internet, Huawei immediately replied that the rumor was false and that the company had never proposed any investment in Royole Flexible Screen technology.

Huawei denies Royole screen investment rumor (Image Credits: Weibo)

“We have noticed that remarks about “Huawei proposing to invest in Royole Technology” have appeared on the Internet. This is misinformation. The actual situation is that Huawei has no such investment plan and has not made any investment requirements.”

Royole Technology has been a well-known display panel producer. The company invented the first bendable monochrome flexible screen in 2013 and continued to release high-end display solutions.

In March this year, Royole was charged with bankruptcy. Even though the company’s founder didn’t share any details on this matter, former director Liu Shuwei said that such cases are a result of not accepting investment requests from others.

Huawei denies Royole investment rumor (Image Credits: Weibo)

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Delivering a keynote, Huawei Vice Chairman and CFO Meng Wanzhou said that the company has invested more than 1 trillion yuan in R&D over the past 10 years. This is a big achievement itself, resulting in innovative and better-than-ever devices.

She added that the company has given immense priority to research as well as innovation. The aim has been to invent advanced, significant, and easy-to-use products for users that can offer them a variety of benefits in their daily lives.

In a previous event, the Managing Director of Huawei – Wang Tao mentioned that the company accounts for over 20% of its total revenue for the R&D stuff. It makes the company count in the top five R&D investors in the world.

Huawei Digital Intelligent Asia-Pacific Summit 2024 (Image Credits: MyDrivers)

“Huawei attaches great importance to research and innovation and has invested more than one trillion yuan in R&D over the past ten years.” – says Meng Wanzhou

Meng further cited that Huawei will continue to develop valuable and efficient products for customers. It will provide 5G-A, F5.5G, cloud, and digital services so that consumers in Asia-Pacific countries can enjoy the digital intelligence technology.

Huawei conducted the Digital Intelligence Summit jointly with the ASEAN Foundation. Over 2000 attendees including partners, experts, and analysts from 15 countries participated in the event and shared their words with others.

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The investment also includes the Beijing AI Industry Investment Fund and Zhihu as strategic shareholders. A major aim is to promote and use smart artificial intelligence facilities for large models that can help businesses and entrepreneurs in China.

Hubble is Huawei’s investment-making subsidiary firm. It has invested in many semiconductor companies so far. But this is the first time that Huawei Hubble has become a vital shareholder of a well-known Chinese large AI model company.

Huawei Hubble invests in large AI model company (Image Credits: ITHome)

Wall-facing Intelligence firm mainly looks after the general AI fields and works on large-model mechanisms and innovative app transformation. It has introduced four AI models of the MiniCPM 2, benchmarked against global rivals – OpenAI GPT-4V, Mistral-7B, and Llama 2.

For the latest investment scenario, Primavera Ventures in charge said that the large AI model helps in forming digitalization. It will further aid in eliminating technical and machinery challenges and offering reliable support to operators.

The CEO of Wall-facing Intelligence – Li Dahai recently said that the firm will immensely contribute to the improvements and advanced capabilities of large AI models. It will also remain focused on the base models to confront OpenAI GPT-4.

Huawei Hubble invests in large AI model company (Image Credits: Huawei)

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According to the details, Huawei invests fresh capital into the Shenzhen Habo Technology Partners subsidiary in favor of growing demand for 5G phones and AI chips. Last Thursday, the company injected around 7.98 billion yuan ($1.1 billion).

Huawei seems making efforts to proceed with its growth in the right direction. Established in 2021, the Shenzhen Habo Investment firm already gained 7 billion yuan capital. However, the tech giant is now adding some more amount to it.

On the other hand, estimations say that Huawei gained 9% sales revenue YoY to 700 billion yuan in 2023 due to its 5G handsets’ boosting demand among consumers. As of now, the company foresees a new scope through this investment.

The Shenzhen subsidiary is a joint venture developed by Huawei and Habo. The latter focuses on chipsets, enterprise services, and materials for various products. It has investors like Peifengtunan (automation software provider) and Open Valley (promoter of enterprise adoption of HarmonyOS).

Huawei and Habo (Source: SCMP)

Earlier, Habo used to help Huawei reform its chip supply chain when it was put behind sanction bars and restricted to trade in new and advanced technologies.

By the end of 2023, Habo made 97 investments, the majority covering start-ups in the semiconductor industry. This has further helped Huawei to widen its enterprise services and other technical fields in the native region.

Past achievements:

Huawei Mate 60 Pro with the Kirin 5G chipset has been written in the history of the company’s success. Besides, the Ascend 910B AI chip with high-end capabilities is also giving a tough spot to the Nvidia A100 GPU processor in China.

Perhaps, a new investment in the Shenzhen-based subsidiary will open new ways for Huawei’s growth as well as development in its home ground in the time ahead.

Huawei brand (Source: SCMP)

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On the other hand, these new investors can also help in defending Huawei’s business from potential U.S. sanctions and geopolitical tensions. The tech maker already initiated talks with Mercedes-Benz and offered a 3-5% stake and negotiable valuation.

However, the German brand denied the offer. It is so because the automobile company wants to maintain control over its software and sustain the premium brand position in the market rather than distributing it with other suppliers.

Meanwhile, there are no details regarding Audi’s interest in this proposal. Although the information reveals that both Huawei and Audi are looking for a partnership to initiate autonomous driving technology. Thus we can expect a positive response in this matter.

Currently, both Mercedes and Audi have declined to make any comment or invest in Huawei smart car companies.

In April 2023, Huawei’s Chairman of the Intelligent Automotive Solution BU – Yu Chengdong said that it becomes difficult for foreign companies to pick Huawei as their primary supplier due to U.S. restrictions. Yet Huawei will continue to lead the technology research and development journey with better efforts and smart solutions.

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Recently, Huawei announced the business results for the first quarter of 2023. The tech maker announced sales revenue of 132.1 billion yuan with a year-on-year increment of 0.8% and a net profit margin of 2.3%. The net profit is about 3.038 billion yuan.

“Overall business results were in line with forecast. Huawei has yet again increased investment in R&D to keep innovating for the future, create new value for its customers, partners, and the communities worldwide, and promote quality development.” wrote Huawei in the press release.

Prepared for the Future:

Huawei’s rotating chairman, Xu Zhijun mentioned that in the past three years, Huawei achieved immense growth. It has created tools around the three R&D production categories including:

• Hardware development
• Software development
• Chip development

The company also completed the replacement of 78 software/hardware development tools. This ensures continued operations in the R&D divisions inside the Chinese firm. Looking at the example, the company has announced the localization of EDA tools above 14 nanometers. Meanwhile, its comprehensive verification will be completed in 2023.

Huawei achieves chip manufacturing, starting with a 14nm chipset

Boosting Research Investment:

At the Annual Business Report 2022, Huawei announced increased R&D expenses, which reached an all-time high of 161.5 billion yuan. This is a year-on-year increase of 13.2% and it covers 25.1% of the annual revenue. The accumulated R&D expenses in the past ten years exceeded 977.3 billion yuan.

Furthermore, industry analyst believes that this is the result of Huawei’s tech prowess in various field of business. It also helped the company to successfully endure the sanctions. Furthermore, the company has come up with major breakthroughs such as the localization of the 14nm chipset process.

Largest patent owner:

By the end of 2022, Huawei owned over 120000 authorized patents all across the globe. The company has signed 29 bilateral agreements with partners and granted various patent licenses.

According to the Global 5G Standard-Essential Patents and Standard Proposal Research Report (2023), Huawei 5G standard essential patent ranked first in the world. The data compiled by the China Academy of Information and Communications Technology reveals that Huawei has around 9000 patents.

Related – Huawei ranks in top 5G smartphone makers in 2023 despite no new model in the last two years

Conclusion:

With all current challenges, Huawei is bolstering investment in research and development of new technologies to move forward in the industry and find its way to attend progress.

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