Smartphones manufacturer, Huawei has turn from it core line of products to pig farming and mining as Smartphone sales are expected to drop further to 60%.
In May 2019, it was announced by then Trump administration that Google and US businesses have to change the way they deal with Huawei. The Chinese giant was blacklisted by the US in the latest skirmish of the ongoing trade war.
Huawei has surfed a lot of setbacks despite the company doing so well in the smartphone market. However, Huawei after the ban has seen a drop in sales—especially outside China.
Back in November 2020, Huawei again sold its known Honor sub-brand in order for the latter not be banned from acquiring chipsets and other US components due to its alliance with Huawei.
Huawei pig farming and mining industry
A spokesman said Huawei examined the tech company’s new entry into the pig farming business. He cited that pig farming is just another variety of how the company tries to breathe life into some of the traditional industries along with ICT or Information and Communications Technology in order to create extra value for the industries in the current 5G era.
Despite the company’s entry into the pig farming business, Huawei now wants to set-up a branch to make a grand entry into the mining industry. Preparations are in an advanced stage as the company founder and CEO Ren Zhengfei has just introduced a mining lab some time earlier this month.
The new Huawei technology will enable the company turn the mining into a conventional office job which would enable them to wear their suits and ties to work. The executive then added that the new Huawei mining will have fewer workers, be furnished with tremendous safety, and achieve higher efficiency.