The largest global IT companies

Today the IT market is rapidly changing; the leading positions are traditionally occupied by the American, Japanese and South Korean companies. China has joined the fray over leadership in one of the most high-tech spheres of human activity. The examples are such companies as Huawei or Alibaba (see table 1).

The paradox of the current moment is that non-market methods are used by the states with market-based economy to deter competitors – express prohibition of cooperation between multinational companies.

Thus, the U.S. Department of Commerce announced that Huawei Technologies and its 70 branches are included in Entity List on May 15, 2019. As a result, Huawei will not be able to buy spare parts and components from American manufacturers without approval of the US government.

Then Google stated that it would no longer supply the Android operating system to Huawei smartphones. The sold smartphones will remain without updates, including the trending Honor. Qualcomm (American manufacturer of chips) and ARM (British manufacturer of processors) are also informed about termination of cooperation with Huawei. Huawei will be able to overcome the negative consequences thanks to its own operating system and chips, the development of which is being successfully carried out.

Huawei produces every fifth smartphone in the world; it is already ahead of Apple and became the second manufacturer after Samsung. Seven years ago, the Chinese company occupied only three percent of the market. The growth of Huawei is a prime example of the Chinese national policy of technological superiority supported by the state.

The company has not only become a successful player in the consumer electronics market, but also become the largest manufacturer of telecommunications equipment. Huawei is aimed to be the flagman company in launching of 5G networks. The main competitors - Nokia and Ericsson are already seriously behind both in terms of equipment cost and market shares in most countries.

Great expectations are placed on 5G due to high speed and energy efficiency. This will allow to create the machine-to-machine communication systems: without 5G networks it is impossible to conduct a mass launch of self-driving vehicles, build smart cities and track a huge amount of data in real-time mode on industrial plants as well as in megalopolises. The 5G network will give the opportunities to manage the virtual objects simultaneously with other people.

The imposed USA restrictions will negatively influence on American IT corporations. The EU countries do not refuse to cooperate with Chinese partners. The market participants are thinking about reducing their dependence on American suppliers. New mobile operating systems and other computer architectures will be developed. In future, the US monopoly in IT industry will decline.

Table 1. The largest global IT companies with revenue over 50 billion USD
Position Company 2018 revenue, billion USD Headquarters
1 usa Apple Inc. $265,6 Cupertino, US
2 s_korea Samsung Electronics $221,6 Suwon, South Korea
3 usa Amazon $232,9 Seattle, US
4 tajvan Hon Hai Precision/Foxconn $150,3 New Taipei City, Taiwan
5 usa Alphabet Inc. (owner of Google) $136,8 Mountain View, US
6 usa Microsoft $110,4 Redmond, US
7 japan Nippon Telegraph and Telephone (NTT) $109,3 Tokyo, Japan
8 china Huawei $105,2 Shenzhen, China
9 usa Dell Technologies $90,6 Round Rock, TX, US
10 japan Hitachi $87,8 Tokyo, Japan
11 japan Sony $80,2 Tokyo, Japan
12 usa IBM $79,6 Armonk, NY, US
13 japan Panasonic $74,1 Osaka, Japan
14 usa Intel $70,8 Santa Clara, CA, US
15 china JD.com $67,2 Beijing, China
16 usa HP Inc. $58,5 Palo Alto, CA, US
17 china Alibaba $56,2 Hangzhou, China
18 usa Facebook $55,8 Menlo Park, U.S.
19 s_korea LG Electronics $51,8 Seoul, South Korea
Amendments to the Law On Credit History

Amendments to the Federal Law «On credit History» were made in order to include unique identifier of the contract to credit history of physical persons and legal entities. This helps to improve responses accuracy of the data inquiry from several credit history bureaus (CHB).

Rules of assignment of unique identifiers to obligations of lenders, guarantors and principals will be regulated by the Central Bank of the RF.

Records of credit history for subjects of credit history – guarantors, principals, physical persons or legal entities will be formed regarding unique identifiers of contracts and transactions.

Assigned unique identifiers are not subjected to changes in cases of assignment of claim or debt.

Sources of forming of credit history, providing CHB with information on active contracts with lenders, guarantors are obliged to assign unique identifiers to all contracts and provide to CHB not later than one year after validity date of the amendments.

The Federal Law as of May 1, 2019 №77-FL will come into force a hundred and eighty days after its publication on May 8, 2019.