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Huawei Technologies is hopeful that the company will retain its top position in global smartphone sales despite adverse market dynamics led by Covid-19 and US sanctions.

The Chairman of Huawei Technologies said while US sanctions have choked its smartphone business, it will not give up and plans to eventually return to the industry’s “throne”.

Former US President Donald Trump in 2019 accused Huawei of being a threat to national security. He put it on an export blacklist and barred it from accessing critical technology of US origin, affecting its ability to design its own chips and source components from outside vendors.

“Everyone knows that phone chips need advanced technology in a small size with low power consumption. Huawei can design it, but no one can help us make it: we’re stuck,” Huawei Chairman Guo Ping was quoted as saying in a transcript of a recent Q&A with staff seen by a news source.

“Huawei will continue to exist in the field of mobile phones and with continuous advances in chip production, the smartphone throne will eventually return,” he said.

Huawei is also facing the challenge of accessing 5G technologies and manufacturing chips which are having that capability. According to sources, the company is working internally to manufacture 5G chips with its R&D support and engineers.

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