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Media reported that Huawei founder Ren Zhengfei has pushed the company to lead in software.
Ren outlined an ambitious plan to develop software that "adapts to and embraces the world".
"At a time when the US is pulling back its 'net' and pursuing a closed-off strategy, we need to become more open and go open-source on an even greater scale," he said.
"The company has ample resources to support you, so feel free to boldly invest materials and human resources during your work."
Ren said "objectively speaking, the only domain in which we can extend our roots deep is software". He indicated a focus on the Chinese market but with sights also on Europe, Asia and Africa.
"Once we dominate Europe, the Asia Pacific, and Africa, if US standards don't match ours, and we can't enter the US, then the US can't enter our territory," Ren was quoted in a memo as saying.
Huawei rotating chair Eric Xu said earlier that "2021 will be another challenging year for us, but it's also the year that our future development strategy will begin to take shape. No matter what challenges come our way, we will continue to maintain our business resilience. Not just to survive, but do so sustainably."
Huawei reported its first quarter sales were down 16.5% compared to last year. The result was expected following the sale of its lower Honor brand.
In 2020, Huawei posted net profit of 64.6 billion yuan.
Meanwhile, Swedish Ericsson provided an update to its risk factors on Monday, with the company issuing a €500 million unsecured 8-year bond, expecting some of collateral damages in Swedish-Chinese relationship to become real.
"While Ericsson is invited to various ongoing tender processes in China, the final outcome remains uncertain and it is the company's current assessment that the risk has increased that Ericsson will in those tenders be allocated a significantly lower market share than its current market share," it said.
"The geopolitical situation can have consequences on the entire industry, with an increased likelihood of further industry split, separation of global value chains, and separation of global standards for mobile telecommunications," it said.
Sources: Reuters, AFP, ZDnet.com