Huawei has reportedly set its sights on overtaking Samsung as the world’s largest smartphone company this year, despite being embroiled in global controversy over its alleged links to the Chinese government.

As per Taiwanese trade publication DigiTimes, industry insiders claim the Chinese giant has set an annual smartphone shipment goal of 250 million units, with the view of encroaching 300 million by 2020.

The news comes as Huawei seeks to boost its self-sufficiency for the supply of smartphone chip solutions.

In early February, Huawei reportedly asked its supply chain chip vendors to provide extra capacity support.

Despite being banned from Australia’s 5G network and experiencing resistance from other Western governments, the Chinese giant notched global annual revenues over US$100 billion in 2018.

Huawei has reportedly forecast its annual revenues to triple to US$300 billion by 2024.