Eric Xu on market size
From Huawei 2022 Annual Report Press Conference · · Huawei
“We estimate that by 2027 our addressable markets will exceed 1 trillion US dollars.”
On , Eric Xu, Rotating Chairman at Huawei, spoke about market size during Huawei 2022 Annual Report Press Conference on Huawei.
About Eric Xu
Eric Xu, Rotating Chairman of Huawei, stated at the company’s 2022 Annual Report Press Conference in March 2023 that the year ahead would be “crucial to Huawei's sustainable survival and development,” citing a “challenging external environment” and “non-market factors” that continue to affect operations. He said Huawei would focus on unlocking new growth opportunities, enhancing business resilience, and ensuring product competitiveness. Xu also estimated that Huawei’s addressable markets would exceed one trillion US dollars by 2027. In earlier appearances, Xu commented on the impact of U.S. sanctions on the semiconductor industry, stating that China’s semiconductor industry would “take efforts to self-save” and that he believed it would “realize a very strong and self-reliant industry.” He also discussed Huawei’s investment in research and development, noting that the company invests more than 10% of revenue annually, and highlighted the role of ICT technology in reducing industrial emissions. At the 2021 Global Analyst Summit, Xu said that “unwarranted U.S. sanctions” could trigger a new global economic crisis<｜begin▁of▁file｜>.