While those who will benefit have not been identified, it is believed people in research and development roles, especially at Huawei’s chip arm HiSilicon that have come up with alternatives to US components, and those developing the company’s in-house operating systems, will most likely share in the award, according to employees, who spoke on the condition of anonymity as the information is private.
On Sunday Shenzhen-based Huawei marked 180 days since it was put on a US trade blacklist due to US national security concerns, which prompted company wide efforts to stabilise operations that were cut off from certain US technologies, including Google’s Android OS. The privately-held company last month reported revenue of 610.8 billion yuan for the nine months ended September 30, saying it had secured more than 60 commercial 5G network supply contracts. Founder and CEO Ren Zhengfei earlier indicated the company was on track to surpass US$100 billion in sales this year, around the same level as last year, despite the impact of the ban.
Huawei has a history of rewarding its employees with cash bonuses, especially at times of high revenue growth, said the sources.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chinese consumers spend US$10 billion in half an hour in Alibaba’s Singles’ Day shopping eventChinese consumers collectively spent US$10 billion in just under 30 minutes at Alibaba’s Singles’ Day shopping extravaganza, scooping up everything from consumer electronics to luxury items and even cars. The figure is almost one-third of last year's final tally of US$30.8 billion.Alibaba’s Singles
Source: YahooSG - 🏆 3. / 71 Read more »
Huawei founder on relentless media blitzBy Mr Ren Zhengfei's own admission, much of his job now is not running Huawei, the company he founded, but giving media interviews and speaking publicly, like what he was about to do last Wednesday afternoon.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Former US envoy to UN says top Trump aides tried to subvert himWASHINGTON: Two top advisers to President Donald Trump ignored or undermined him because 'they were trying to save the country,' former United ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Former US envoy to UN Nikki Haley says top Trump aides tried to subvert himWASHINGTON (AFP) - Two top advisers to US President Donald Trump ignored or undermined him because 'they were trying to save the country,' former United Nations ambassador Nikki Haley writes in a new book.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Amazon's US$1.5 million political gambit backfires in Seattle City Council electionSeattle voters, in a rebuke to heavy corporate campaign spending by Amazon.com, have kept progressives firmly in control of their city council, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US lawmakers spar over impeachment witnesses as probe enters public phaseWASHINGTON (WASHINGTON POST) - With the impeachment inquiry into US President Donald Trump poised to enter a new public phase this week, lawmakers sparred on Sunday (Nov 10) over the witnesses who will be allowed to testify, with Democrats dismissing GOP efforts to call the anonymous whistleblower and former vice-president Joe Biden's son Hunter.. Read more at straitstimes.com. The party that lost when Donald Trump won the presidential election is batshit crazy.
Source: The Straits Times - 🏆 8. / 63 Read more »