Huawei allocates $100 billion to research, development

from SAVIOUS KWINIKA in Johannesburg, South Africa
JOHANNESBURG, (CAJ News)  – TELECOMMUNICATIONS equipment and consumer electronics manufacturer, Huawei, will invest more than US$100 billion (about R1.4 billion) in research and development (R&D) over the next five years.

Ren Zhengfei, Huawei founder, disclosed the investment during a media  roundtable at the Huawei headquarters in Shenzhen, China.

“Public companies, however, are unlikely to do this, because they focus on making their balance sheets look good,” he said.

“What matters more to Huawei is the future industry structure. Our decision-making system is different from public companies. It is very simple, and we are working hard to make the information society a reality.”

The executive disclosed the company’s annual R&D investment had reached $15 billion to $20 billion.

“That puts Huawei in the top five position across all industries in the world in terms of R&D intensity,” Zhengfei said.

In other developments, he disclosed the company had been granted 87 805 patents.

In the United States, it had registered 11 152 core technology patents.

Huawei is actively involved in over 360 standards bodies, where it has made more than 54 000 proposals.

In terms of 5G, it has signed more than 30 commercial contracts, and has already shipped 25 000 5G base stations.

Huawei has 2 570 5G patents.

“I believe that, as long as we develop very compelling products, there will be customers who will buy them,” Zhengfei said.

– CAJ News