Huawei Technologies is anticipating for growth in its revenues by approximately a fifth this year, despite the heightened international pressure and security concerns over the products of the company.
Guo Ping, the rotating chairman of the firm, said that the technology company is expecting its revenues to hit $108.5 billion (£85.7 billion) this year. The amount is a rise of 21 percent year-on-year.
Despite the western concerns over its role in the launch of the next generation of cellular technology, Guo said that the company had managed to secure 26 contracts to provide 5G technology.
Meanwhile, the company is expecting to ship more than 200 million smartphones this year.
Huawei is considered the largest telecom equipment provider in the world. It has faced intensifying international pressure over the claims that its devices are being utilised by the government of China for covert spying.
In an interview with the Time last Thursday, Gavin Williamson, the defence secretary of the United Kingdom, stated: “I have grave, very deep concerns about Huawei providing the 5G network in Britain. It’s something we’d have to look at very closely.”
He added: “We’ve got to look at what partners such as Australia and the US are doing in order to ensure that they have the maximum security of that 5G network and we’ve got to recognise the fact, as has been recently exposed, that the Chinese state does sometimes act in a malign way.”
Williamson is the first cabinet minister to publicly raise his concerns regarding the firm. Earlier this month, the head of MI6 also questioned about the role of Huawei in the roll-out.
This month, Sabrina Meng, the chief financial officer of Huawei, was arrested in Canada on US sanctions-busting charges. Meng was later bailed. She has since denied the charges. She is also the daughter of Ren Zhengfei, the founder of Huawei.