Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Huawei to Raise Annual R&D Budget by at least US$ 15 billion

- Advertisement -

Huawei faced security issues from the US, Australia and the UK after the countries alleged that the firm’s network, facilitates Chinese govt spying

Huawei budget, Huawei R&D, R&D, Huawei network, 5G technology, Huawei 5G technology, Huawei security solutions, Huawei phones
Image courtesy: Wikimedia Commons

Chinese smartphone maker Huawei Technologies announced on Thursday that the company will increase its annual expenditure to between US$ 15 billion and US$ 20 billion on research and development (R&D), aiming to be a world leader in 5G technology.

Huawei will contribute 20 to 30 per cent to basic science

In 2017, Huawei had pledged to invest US$ 10 billion to US$ 20 billion annually on R&D, after having spent US$ 13.23 billion already on the same technology in the same year. The spent amount accounted for 14.9 per cent of Huawei’s total revenue.

- Advertisement -

In comparison to the above-mentioned pledge, this year, the company has decided to contribute 20 to 30 per cent of its R&D funds to basic science research. Approximately 80,000 of the firm’s employees that means 45 per cent of its total workforce is involved in R&D, the firm stated on its website.

Decision might be an aftermath of prominent nations cutting Huawei’s network due to security issues

There have been growing international tensions in the United States, Britain and Australia regarding pushing back Huawei’s network communications technology due to security reasons, and this declaration might be a result of the same.

A report by the UK government stated last week that technical and supply-chain issues with the company’s network technology caused Britain’s telecom industry to face security risks thereby reversing the previous endorsement. This report only added to a debate that has been going in the US and Australia for long, which accuses Huawei of facilitating the Chinese government spying on others – that the smartphone maker has repeatedly denied accepting.

On Thursday, the firm said that it plans to charge fair and reasonable (FRAND) rates for its 5G intellectual property to benefit the adoption of new technology, expected to be exposed to large-scale use in 2020.

Chinese firms headed by Huawei are thought to have ownership of approximately 10 per cent of the essential patents for 5G worldwide, which is an essential jump in comparison to their share in the 4G and 3G eras.

Huawei is one of the world’s top R&D spenders. Amazon and Google’s Alphabet are the two biggest spenders on R&D technology in the United States, having spent US$22.6 billion and US$16.6 billion, respectively, in 2017, as per reports by Factset, a financial data company.

- Advertisement -
SourceReuters

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

Thoughtworks And AWS Unveil SDV Pulse For Industry Megatrend Navigation

0
Global technology consultancy and Amazon Web Services have released their first annual report, designed to assist automakers in quickly maximizing the potential of software-defined...

EV Sales in India jumped 21% in H1 2024

0
As per JMK Research, electric vehicle sales in India hit a notable 927,097 units in the first half of this year, with the E2W...

Insights To Product Carbon Footprint By Infineon 

0
Delve into Infineon’s strategic journey, its impact on the environment, and how they are setting new industry standards for carbon footprints.  On July 9th, 2024,...

Buzz

green hydrogen

SECI Unveils Tranche II Tender For Green Hydrogen Production

0
Targeting 450,000 MT of cost-effective production per year, SECI has launched tranche II of its green hydrogen incentive, inviting bids for production facilities. On Thursday,...

Rajasthan Targets 30 GW Solar Power By 2025

0
Rajasthan government aims to produce 30 gigawatts of solar power by FY25, enhancing energy security and promoting self-reliance. The Rajasthan government targets 30 gigawatts (GW)...

River Mobility To Invest INR 1,000 cr In New EV Plant

0
River Mobility is gearing up to invest in the automotive industry with a new INR 1,000 crore plant in Telangana, strategic expansions, and robust...

Important Sectors

New EV Policy: Will It Kill More Than Two Birds With One Stone?

0
With China taking the lead in electric vehicle production and sales in many global markets, can India’s new electric vehicle manufacturing policy encourage champion...

Empowering Innovation: The Role of MSMEs in India’s Defence Sector

0
If large industries are the “face” of the Indian economy as they provide the most visible aspect, then the MSMEs are surely the “firm...

Quality Control With AI-Driven Optical Inspection

0
This collaboration combines optical inspection technology with high-performance Edge AI hardware, significantly improving printed circuit board assembly efficiency, reducing waste, and enhancing overall process...
green hydrogen

SECI Unveils Tranche II Tender For Green Hydrogen Production

0
Targeting 450,000 MT of cost-effective production per year, SECI has launched tranche II of its green hydrogen incentive, inviting bids for production facilities. On Thursday,...

Rajasthan Targets 30 GW Solar Power By 2025

0
Rajasthan government aims to produce 30 gigawatts of solar power by FY25, enhancing energy security and promoting self-reliance. The Rajasthan government targets 30 gigawatts (GW)...

Manufacturing

Empowering Innovation: The Role of MSMEs in India’s Defence Sector

0
If large industries are the “face” of the Indian economy as they provide the most visible aspect, then the MSMEs are surely the “firm...

Quality Control With AI-Driven Optical Inspection

0
This collaboration combines optical inspection technology with high-performance Edge AI hardware, significantly improving printed circuit board assembly efficiency, reducing waste, and enhancing overall process...

River Mobility To Invest INR 1,000 cr In New EV Plant

0
River Mobility is gearing up to invest in the automotive industry with a new INR 1,000 crore plant in Telangana, strategic expansions, and robust...

Audi to Begin Local Assembly Of Q6 e-tron In India

0
This marks Audi's first locally assembled electric vehicle, potentially leading to competitive pricing. It also represents a significant milestone in the brand's strategic plans...

Apple Eyes Local Partnership To Resume iPad Manufacturing

0
Apple is actively seeking local partnerships to resume production of  iPads and AirPods in India. This move supports Apple's broader strategy to diversify its...