Huawei pushes self-reliance with $1.4B R&D centre - Mobile World Live

Huawei pushes self-reliance with $1.4B R&D centre

07 AUG 2019

Huawei announced plans to invest CNY10 billion ($1.4 billion) in a massive new R&D centre in Shanghai, which will focus on wireless and IoT networks as well as chips for various devices, South China Morning Post reported.

The under-fire vendor, facing trade bans from the US and a number of other countries due to security concerns, already has 14 R&D facilities across the world as well as 36 joint innovation centres. The new facility will cover about 1 square km and employ up to 40,000 people, the newspaper wrote.

In May Huawei founder and CEO Ren Zhengfei expressed confidence the company will survive a US ban on component and software shipments because it had already prepared for the eventuality. He later said the company will not reduce its R&D investment, with plans to “reinvent ourselves”, meaning it will push to be less reliant on imports.

The company said it invests $15 billion to $20 billion a year in R&D and plans to raise the level to $100 billion over the next five years.

At the end of July, Huawei reported a 23 per cent year-on-year increase in H1 revenue to CNY401.3 billion despite US trade restrictions, though chairman Liang Hua warned future increases could be slowed by ongoing issues.

Back

Author

Joseph Waring

Joseph Waring joins Mobile World Live as the Asia editor for its new Asia channel. Before joining the GSMA, Joseph was group editor for Telecom Asia for more than ten years. In addition to writing features, news and blogs, he...

Read more

Related

Tags