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China’s Huawei’s Handset Business Making a Comeback, Executive Says

People visit a Huawei booth during the World Semiconductor Congress in Nanjing in China's eastern Jiangsu province on July 19, 2023. (AFP)
People visit a Huawei booth during the World Semiconductor Congress in Nanjing in China's eastern Jiangsu province on July 19, 2023. (AFP)
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China’s Huawei’s Handset Business Making a Comeback, Executive Says

People visit a Huawei booth during the World Semiconductor Congress in Nanjing in China's eastern Jiangsu province on July 19, 2023. (AFP)
People visit a Huawei booth during the World Semiconductor Congress in Nanjing in China's eastern Jiangsu province on July 19, 2023. (AFP)

Huawei Technologies' handset business is "on the road to a comeback" the head of the company's consumer business Richard Yu said in his keynote at the company's annual developer conference in the southern city of Dongguan on Friday.

Huawei's share of the domestic smartphone market share grew by 76.1% in the second quarter, and took second spot in the high-end sector, Yu said.

The company held 11.3% of the overall China market in the second quarter, behind five competitors led by Vivo and Apple, according to Counterpoint Research.

Counterpoint attributed Huawei's growth to the resumption of normal product launches after resolving shortages.

Several rounds of US restrictions on US-made technology limited Huawei to producing last-generation 4G handsets, causing its once sizeable handset market share to plummet both at home and abroad.

The US and European governments have labelled Huawei a security risk, a charge the company denies.

Yu said Huawei's in-house Harmony operating system has "overcome many challenges" in the last four years, noting there were now 2.2 million developers for the system.

Last month research firms told Reuters they expect Huawei to return to making 5G smartphones by the end of the year by procuring chips domestically, in spite of the US restrictions.

Huawei declined to comment.

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ImpaQ Forum Kicks Off in Saudi Arabia’s Diriyah

Saudi Minister of Media Salman Al-Dossary and other officials are seen at the opening of the event in Diriyah. (SPA)
Saudi Minister of Media Salman Al-Dossary and other officials are seen at the opening of the event in Diriyah. (SPA)
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ImpaQ Forum Kicks Off in Saudi Arabia’s Diriyah

Saudi Minister of Media Salman Al-Dossary and other officials are seen at the opening of the event in Diriyah. (SPA)
Saudi Minister of Media Salman Al-Dossary and other officials are seen at the opening of the event in Diriyah. (SPA)

Under the patronage of Saudi Minister of Media Salman Al-Dossary, the Impact Makers Forum (ImpaQ) kicked off in Diriyah on Wednesday, attracting a host of influencers, experts and content creators from around the world.

The opening ceremony featured a modern theatrical performance titled "The Butterfly Effect," celebrating the forum's message and its significance in various fields of influence.

In an opening speech to over 1,500 guests at the Diriyah Arena, Al-Dossary emphasized the growing role of influencers, highlighting the importance of leveraging this influence to foster creativity and innovation and to stimulate community and economic development.

"The Kingdom's Vision 2030, led by Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, is a vision that has inspired the world and created impact," he stated.

"Influence can be a single word from a passerby that might forever change someone's life for the better. It could come from a street vendor striving to provide for his children, a loving father, or a great mother who performs miracles to instill values in her children," he remarked.

"Influence is not confined to platforms and screens alone. Look around you at work, in your club, in your neighborhood, at home, and you will see who has shaped your personality and life. ImpaQ celebrates them and all of you," stressed the minister.

The Impact Makers Forum, the largest of its kind in the Kingdom, is being held on a 23,000-square-meter venue and includes three main areas: "Innovation Space" hosting panel discussions and major events, "Impact Space" where influencers share their inspirational experiences, and "Lab Space" for creative and technical workshops.

The two-day forum features over 40 diverse activities across 14 areas of influence, including media, artificial intelligence, sports, tourism and culture. The event will attract over 30,000 visitors, making it a leading platform for exchanging expertise and showcasing success stories in various fields of influence.

The forum also allows international influencers through special tours organized in cooperation with the Saudi Tourism Authority, aiming to highlight Saudi Arabia's uniqueness and appeal. The opening ceremony was digitally streamed to over one million viewers.

The forum features a diverse and engaging agenda, including panel discussions and workshops, while fostering substantial interaction among participants and attendees. This dynamic atmosphere underscores the Kingdom's role as a global hub for inspiration and innovation in the area of influence.