Huawei denies everything
The Bloomberg resource published a large article describing how the Chinese government in various ways helps Huawei not only stay afloat under US sanctions, but also actively develop.
For example, journalists discovered a network of enterprises supported by an investment fund of the Shenzhen city government, the purpose of which is to help Huawei create a self-sufficient chip network. The group includes companies specializing in optics, developers of equipment for the production of semiconductors, and even manufacturers of chemical products.
China is also sponsoring a $30 billion project to help Huawei build its own chip factories.
The Chinese government actively supports and subsidizes Huawei
At the center of the network of state-owned enterprises that are assisting Huawei is an investment fund run by the Shenzhen municipal government. The Shenzhen Major Industry Investment Group fund itself was created in 2019 after the first US sanctions and received direct instructions to support China’s chip production efforts and, in particular, Huawei.
Separately, Bloomberg says that the Chinese government actually forced the announcement of the Mate 60 Pro smartphone ahead of schedule because it wanted to time the announcement to coincide with the visit of US Commerce Secretary Gina Raimondo to the country.
In general, the government actively subsidizes Huawei. According to SemiAnalysis analysts, the scale of subsidies is huge
They will build apartment buildings, help with land and will not charge income taxes
It is important to note that Huawei denies government assistance, saying that this is all speculation and speculation based on information on the Internet.
