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Business
Huawei to develop smart TVs as part of its wider IoT strategy
CKN
2019/01/31 07:22:54
2,047
China's News, China's Financial News, Huawei

Jan 31, 2019 (China Knowledge) - Huawei Technologies is reportedly looking to break into the smart TV segment this year, with an initial model expected to be released during the second quarter of this year.

This has been something the telecom equipment manufacturer has been preparing for since last year, recruiting various research and development staff from traditional TV makers such as Skyworth and TCL Corp into its Internet of Things (IoT) department.

In addition, Huawei has also signed an agreement with display-panel manufacturer BOE Technology Group for the supply of LCD panels with the latter also being commission the manufacturer the firsts smart TV model.

Huawei is said to be venturing into the TV business as part of its strategy to combine next generation 5G networks with artificial intelligence to create a web of internet connected devices. Furthermore, the move towards smart TVs follows a natural progression path for the company after having also moved in home appliances such as smart speakers.

Recently, the company has been in the global spotlight after countries such as Australia, Britain, Germany and Japan have all taken steps to limit the company’s involvement in their development of 5G technology over security concerns.

Earlier this week, the U.S. Department of Justice also revealed two indictments against Huawei over allegations of bank and wire fraud, obstruction of justice and technology theft.

Despite this, the company still retains a positive outlook on its growth with a USD 125 billion sales target this year up from USD 108.5 billion in sales for last year.

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