Huawei's revenue in 2024 will exceed 860 billion! DeepSeek expands its circle of friends/Infineon's first quarter results for fiscal year 2025 Hot technology news comments
Huawei's revenue in 2024 will exceed 860 billion! DeepSeek expands its circle of friends/Infineon's first quarter results for fiscal year 2025 Hot technology news comments
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On February 5, at the Guangdong Province High-Quality Development Conference, Liang Hua, chairman of Huawei, said that Huawei's business will meet expectations in 2024, and ICT infrastructure will maintain sales revenue of more than 860 billion yuan in 2024, which is about 22.12% higher than 704.2 billion yuan in 2023. However, net profit data has not been released.
Lily Comment: Before being sanctioned by the United States, Huawei's revenue in 2020 reached a peak of 891.4 billion yuan in recent years. Then in 2021, after the US sanctions, Huawei's revenue fell to 636.8 billion yuan.
In 2024, the company's revenue exceeded 860 billion yuan, which is the result of Huawei's return to growth, comprehensive consolidation of the foundation, and efforts to integrate the development of multiple industries such as smart cars, ICT communications, and smart phones.
Regarding how to do a good job in information and communication technology industry innovation, Liang Hua believes that the leading advantages of communication network infrastructure will be brought into play to accelerate the realization of capabilities and form productivity. China has more than 4.4 million 5G base stations, and optical network facilities provide access capabilities for hundreds of millions of users. Huawei also builds an autonomous and controllable software ecosystem and a digital foundation for the Internet of Everything. Huawei insists on root technology innovation and jointly builds open ecosystems such as Hongmeng, Euler, and Gauss with industry partners to support digital and intelligent innovation and application in thousands of industries.
Facing the needs of strategic emerging industries such as low-altitude economy, promote the coverage of 5G-A in autonomous driving and key industries, and provide ubiquitous synaesthesia capabilities. Consolidate the intelligent computing infrastructure and strengthen the practice and large-scale application of artificial intelligence. It is worth mentioning that in the afternoon of the same day, Huawei announced that the Ascend community has officially launched a series of new models including DeepSeek-R1, DeepSeek-V3, DeepSeek-V2, Janus-Pro, etc., which support out-of-the-box use on the Ascend hardware platform, rapid deployment of inference, and faster, more efficient, and more convenient AI development and application experience.
DeepSeek has made too big a breakthrough, and the circle of friends continues to expand
Compared with OpenAI's closed-source route, DeepSeek chose the open source route. They also published a research paper describing the development process of their model, although they are still reserved about the details of the training data. They made the technology free for developers around the world to use and adapt.
As the number of international users of DeepSeek continues to increase - it has squeezed into the top few in the US App Store in the past week - global lawmakers will also be concerned about whether the technology will be used by Beijing to collect large amounts of user data or influence public opinion through its output. At present, regulators from Italy, Taiwan to Texas in the United States have begun to restrict the use of DeepSeek, and global scrutiny will only increase in the coming weeks and months.
Today, JD Cloud announced the official launch of DeepSeek-R1 and DeepSeek-V3 models, supporting public cloud online deployment and dedicated hybrid private instance deployment. A few days ago, Alibaba Cloud, Baidu Smart Cloud, Huawei Cloud, Tencent Cloud, Volcano Engine, and Tianyi Cloud have all connected to the DeepSeek model. Overseas cloud giants such as Amazon AWS and Microsoft Azure have also officially announced support.
LILY Comment: Data from the AI product list shows that DeepSeek exceeded 15 million daily active users in just 18 days after its launch, while ChatGPT took 244 days to reach 15 million, a growth rate 13 times that of ChatGPT. 20 days after its launch, DeepSeek's daily active users have reached 22.15 million, accounting for 41.6% of ChatGPT's daily active users and exceeding Doubao's 16.95 million daily active users.
The consumer technology ecosystems of the United States and China can coexist, and American consumers can benefit from the low-cost and high-efficiency AI technology developed by DeepSeek. If the United States chooses to embrace competition from China instead of blocking it, it may help solve the monopoly problem of American technology giants that both parties are concerned about.
Huatai Securities believes that the advantages of open source models are reflected in community co-construction and technology sharing. In theory, all small parameter models can directly use the label data distilled by DeepSeek-R1 to enhance reasoning performance. 2025 may be a year of rapid progress in open source models, and the progress of domestic large models is worth paying attention to.
Infineon's revenue in the first quarter of fiscal year 2025 is better than expected
On February 5, Infineon announced its financial report for the first quarter of fiscal year 2025 (covering October 1 to December 31, 2024). The data showed that the company performed strongly in this quarter and started slightly better than expected.
In the first quarter of fiscal year 2025, Infineon achieved revenue of 3.424 billion euros, profit of 573 million euros, and profit margin of 16.7%. This achievement not only demonstrates the company's solid position in the market, but also lays a solid foundation for its subsequent development. For the upcoming second quarter of fiscal year 2025, Infineon gave an optimistic outlook. Assuming the euro-dollar exchange rate is 1:1.05, the company expects revenue to reach approximately 3.6 billion euros.
Figure: Jochen Hanebeck, CEO of Infineon Technologies
Jochen Hanebeck, CEO of Infineon Technologies, said: "Infineon performed well in a weak market environment, with first-quarter results slightly higher than expected. In the face of a still uncertain economic outlook, Infineon's business trajectory in fiscal 2025 is in line with our expectations: after the expected inventory digestion is completed, we expect demand to gradually recover this fiscal year. It is worth noting that the growing popularity of artificial intelligence applications is driving demand for Infineon's leading artificial intelligence data center power solutions. This is the best example of driving our long-term growth, digitalization and decarbonization."
Lily Comment: The automotive semiconductor business is Infineon's largest source of revenue. Like its peers, Infineon has been struggling to cope with the slump in electric vehicle sales. NXP Semiconductors released a disappointing earnings forecast on Monday, below analysts' expectations. For the first quarter of 2025, NXP expects revenue to be between $2.73 billion and $2.93 billion, with a midpoint of $2.83 billion lower than the market's general expectation of $2.87 billion.
Texas Instruments (TXN.US) and STMicroelectronics have both previously announced financial results that were lower than expected. STMicroelectronics may reportedly cut 6% of its workforce to reduce costs and cope with the economic downturn. Infineon CEO Jochen Hanebeck said in November that he expects a turnaround by the end of fiscal 2025. Infineon is facing more intense competition from rival Texas Instruments in China.