Company holds Malaysia product launch event to boost overseas presence
Huawei has told suppliers that it plans to increase production by to as many as 60 million smartphones, up from less than 50 million last year. © Getty Images
CHENG TING-FANG and LAULY LI
TAIPEI — Huawei Technologies aims to increase its smartphone shipments by more than 20% this year despite an ongoing memory chip crunch as the company continues to recover from years of U.S. export controls, sources briefed on the matter told Nikkei Asia.