Business

Tech firms flock to Spain trade show in shadow of Russia war

Moscow firms may still be able to participate, say organisers

Updated 4 years ago · Published on 28 Feb 2022 4:00PM

Tech firms flock to Spain trade show in shadow of Russia war
The Mobile World Congress in Barcelona, one of the technology industry’s biggest annual get-togethers where smartphone and telecommunications companies show off their latest products and reveal their strategic visions, is expected to welcome more than 40,000 guests over its four-day run. – MWC Barcelona Facebook pic, February 28, 2022

BARCELONA – One of the technology industry’s biggest annual get-togethers is set to kick-off in the Spanish city of Barcelona today, under the shadow of Russia’s invasion of Ukraine.

The Mobile World Congress, where smartphone and telecommunications companies show off their latest products and reveal their strategic visions, is expected to welcome more than 40,000 guests over its four-day run.

Organisers hoped to return to a full-scale event after two years of disruption caused by the coronavirus pandemic.

But Russia’s invasion of Ukraine has hampered preparations for this year’s edition, with organisers forced to remove the country’s dedicated pavilion.

Industry body GSMA, which stages the annual event, said in a statement it is complying with all sanctions and policies regarding Russia.

It confirmed, however, that Russian firms may still be able to participate.

The invasion has sparked wider jitters, with the industry assessing sanctions slapped on Russia by the United States and Europe and a likely shortage of key raw materials caused by the conflict.

Pandemic woes

The MWC was cancelled at the last minute in 2020 as the pandemic spread from China to Europe, and last year’s edition was drastically scaled down.

The pandemic continues to cast its shadow with big names like Sony, Asus and Lenovo pulling out or participating “virtually”.

But organisers are bullish, with GSMA director general Mats Granryd saying 95% of speakers will be in Barcelona.

Among the tech giants confirming their attendance are smartphone behemoth Samsung, as well as Nokia, Ericsson, Google, Huawei and Verizon.

Focuses of this year’s event include the rise of 5G, the opportunities offered by the Internet of Things, the metaverse and the impact of tech on the environment.

Few new products are expected to be unveiled by the major players, many of whom have showcased their latest releases in the weeks leading up to the get-together.

No shelter

The show will, however, provide Chinese phone makers such as Oppo, Xiaomi and Vivo with a “coming out party”, according to Ben Wood of CCS Insight.

“It’s the first time they will be able to flex their muscles at a big Western trade show,” he told AFP, pointing out that they have all become much bigger during the pandemic.

They are filling a void left by Huawei, which has been hobbled by sanctions imposed by the US in 2019 over accusations its wireless systems could allow spying by Chinese state entities.

The entire industry will now need to reckon with sanctions over the Ukraine invasion, with the US already announcing restrictions on technology exports to Russia.

“The smartphone market, and other technology product markets, are unlikely to remain sheltered from the impact of the crisis in Ukraine, given the economic and geographic significance of both Russia and Ukraine,” said Marina Koytcheva of CCS.

Both countries supply raw materials such as neon and palladium used to manufacture smartphone components.

And the conflict could lead to shortages of many other products and rising prices, which could in turn hit demand for phones, she said.

The smartphone market grew by 5.7% last year, with 1.35 billion devices sold worldwide, according to analyst firm IDC.

Samsung sold the most phones followed by Apple and Oppo. – AFP, February 28, 2022

Related News

LENS: KL / 1mth

Russian Embassy in Kuala Lumpur holds special May Day remembrance

Malaysia / 2mth

Petronas to negotiate oil purchase with Russia to secure national supply

Off beat / 3mth

Russia and Malaysia to continue advancing cooperation, says ambassador

Community / 7mth

inDrive opens its doors to Penangites

Malaysia / 11mth

Malaysia, Russia to enhance economic ties – DPM Fadillah

Malaysia / 1y

Putin calls Malaysia ‘reliable, significant’ partner of Russia

Spotlight

Community

Penang new top cop looks to AI to help fight online fraud

By Ian McIntyre

World

UK Prime Minister Keir Starmer announces resignation

Malaysia

Zara Inquest: Court to decide in July whether stepsister to testify

Malaysia

Future of our nation rests on the rakyat, not political monkeys

Malaysia

Bersama to contest 15 Johor seats in upcoming state election

Malaysia

Middle East conflict: Costs to Malaysia rise close to 20%, raising food production pressures

Malaysia

MACC probes elephant transfer deal after RM53 million leak claims surface

By Alfian Z.M. Tahir

Malaysia

Malaysia, Bangladesh seek solution to Rohingya ethnic issue through ASEAN

You may be interested

Business

Dollar holds firm as US-Iran diplomacy lifts market sentiment, yen tests intervention threshold