Huawei has officially unveiled OpenLab 3.0, its latest regional center of joint solution innovation, solution R&D, partner enablement & development and industry experience to serve as a base for ecosystem cooperation and digital transformation in the Asia Pacific region.

Read more: Huawei Launches US$20 Million Asia Pacific OpenLab 3.0 to Strengthen R&D Efforts

Weak demand, excess inventory and a worsening macroeconomic climate were all contributing factors in the precipitous drop in shipments of traditional PCs during the first quarter of 2023 (1Q23). Global shipments numbered 56.9 million, marking a contraction of 29.0% compared to the same quarter in 2022, according to preliminary results from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker.

Read more: Global PC Shipments Decline in Q1 2023, With Apple Hit Hardest

Huawei reported 35.6 billion yuan ($5.12 billion) in net profits in 2022, a drop of 68.7% as compared to 2021 (113.7 billion yuan) in its annual report. The company generated 642.3 billion yuan ($92.37 billion) in revenue. During a press conference, Huawei said that it would continue to strengthen investment in R&D, with an annual expenditure of 161.5 billion yuan ($23.22 billion) in 2022, representing 25.1% of the company's annual revenue and bringing its total R&D expenditure over the past 10 years to more than 977.3 billion yuan ($140.55 billion).

Read more: Huawei Sees Annual Profit Slump Amid Heavy R&D Investment

State-owned telecom firms in China are developing a $500 million undersea fiber-optic internet cable network to compete with a similar US-backed project, according to four people involved in the deal. The proposed EMA (Europe-Middle East-Asia) cable would connect Hong Kong to China's island province of Hainan and connect to Singapore, Pakistan, Saudi Arabia, Egypt and France.

Read more: China Rivals US by Building $500 Million Subsea Internet Cable

As foreign cloud service providers and data center operators invest billions of dollars to establish new centers in developing countries like Thailand, Indonesia and Malaysia, Southeast Asia is fueling the growth of the globe's cloud infrastructure.

Read more: ASEAN Dominates Expansion of Cloud Market From Thailand to Indonesia

MEF, a global industry association of network, cloud, and technology providers accelerating enterprise digital transformation, announced its first annual Global Network-as-a-Service Event (GNE), designed to showcase the latest developments and roadmaps for secure network-as-a-service (NaaS) offerings for enterprises and businesses.

Read more: MEF to Host 1st Annual Global Network-as-a-Service Event

The growth of 5G services in Singapore is expected to fuel the mobile data segment, which in turn is set to drive the country's mobile service revenue at a CAGR of 3% from 2022 to 2027. As a result, the revenue is projected to reach $2.1 billion by the end of the forecast period, according to GlobalData, a leading data and analytics company.

Read more: 5G to Drive Singapore Mobile Service Revenue to Over $2 Billion by 2027

The rise in cyber-attacks, digital transformation initiatives and remote working trends are pushing spending on security hardware, services and software in Asia/Pacific, excluding Japan as per new IDC findings.  IDC expects the spending to reach $36 billion in 2023, an increase of 16.7% over the previous year. It further states that security investments will remain resilient in 2023 and the forecasted years (2021–2026) on the back of uncertain global economic conditions. IDC expects spending on security-related products and services to grow at a five-year CAGR of 15.4% over the forecast period to reach $55 billion by 2026.

Read more: Security Spending in Asia Pacific to Reach $36 Billion in 2023

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