Huawei boosts R&D to $15 billion and $20 billion

Stefan Mileschin · 27th July 2018, 14:58

A 5G arms race is on

China’s Huawei Technologies said on Thursday it will increase its annual R&D spending on research and development to between $15 billion and $20 billion.

The move is part of its cunning plan to be a global leader in 5G technology.

Huawei, which previously pledged to invest $10 billion to $20 billion annually on R&D, $13.23 billion on it in 2017, accounting for 14.9 percent of its total revenue.

Huawei will dedicate 20-30 percent of that amount to basic science research, up from its previous expectation of 10 percent, China’s largest telecommunications equipment and smartphone maker said in a statement.

The company is among the world’s top R&D spenders. Amazon and Alphabet, the two biggest spenders on R&D in the United States, spent $22.6 billion and $16.6 billion, respectively, in 2017, according to financial data company Factset.

About 80,000 of its employees, or 45 percent of its total workforce, are engaged in R&D, Huawei said on its website.

The increased spending comes as the United States, Australia and Britain push back against Huawei’s network communications technology on security grounds amid increasing international political tensions.

https://fudzilla.com/news/mobile/468...and-20-billion

27th July 2018, 14:58	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	Huawei boosts R&D to $15 billion and $20 billion A 5G arms race is on China’s Huawei Technologies said on Thursday it will increase its annual R&D spending on research and development to between $15 billion and $20 billion. The move is part of its cunning plan to be a global leader in 5G technology. Huawei, which previously pledged to invest $10 billion to $20 billion annually on R&D, $13.23 billion on it in 2017, accounting for 14.9 percent of its total revenue. Huawei will dedicate 20-30 percent of that amount to basic science research, up from its previous expectation of 10 percent, China’s largest telecommunications equipment and smartphone maker said in a statement. The company is among the world’s top R&D spenders. Amazon and Alphabet, the two biggest spenders on R&D in the United States, spent $22.6 billion and $16.6 billion, respectively, in 2017, according to financial data company Factset. About 80,000 of its employees, or 45 percent of its total workforce, are engaged in R&D, Huawei said on its website. The increased spending comes as the United States, Australia and Britain push back against Huawei’s network communications technology on security grounds amid increasing international political tensions. https://fudzilla.com/news/mobile/468...and-20-billion

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