Huawei to reduce reliance on advanced process techniques

Chinese telecoms equipment maker Huawei Technologies will invest more in businesses that are less reliant on advanced process techniques, it said on Monday, citing US sanctions that have reduced its access to high-end semiconductors.

Huawei's rotating chairman, Eric Xu, also told analysts that the company would invest more in components for self-driving vehicles and that its global rollout of 5G telecoms networks has "exceeded expectations".