Huawei pumps $22 billion into ‘green tech’


Business



Ken Hu, rotating chairman of Huawei, speaking at the analyst summit in April. –

Chinese tech giant Huawei invested more than $22 billion, or 22.4% of its annual revenue, in research and development (R&D), in 2021, it said in a recent report. communicated.

This was intended to boost research into green and innovative technologies, more than doubling its annual R&D investment targets.

Huawei Rotating Chairman Ken Hu made the announcement as Huawei held its 19th annual Global Analyst Summit on April 26-27.

This focus on reinvestment, Hu said, was a big part of Huawei’s approach to future innovation and building a greener smart world.

According to Hu, innovation has become a core part of Huawei’s DNA in more than 30 years of company history. Despite considerable operational challenges in recent years, the company has continued to increase its R&D investments. For almost a decade, its strategy has been to reinvest at least 10% of its annual turnover in R&D. Last year, Hu said that in addition to more than doubling its annual investment target, the company had about 107,000 R&D employees, which represents about 54.8% of our total workforce.

“At Huawei, when we talk about innovation, the first thing we think of is people. We hope to attract world-class talent with world-class challenges, and work together to push the boundaries of science and technology,” Hu said, referring to the Top Minds recruitment program the company launched the day before on its website.

“It doesn’t matter where you’re from, where you graduated from, or what you studied,” he continued. “As long as you have a dream for the future and believe you can achieve it, we want you to come and join us. We offer world-class challenges, a powerful platform, and all the resources you need to explore the unknown.”

Hu went on to discuss the specific initiatives Huawei was currently working on to realize its vision for the future. “We are focused on three areas: strengthening our approach to innovation, equipping all industries with the tools and knowledge they need to go digital, and helping build a low-carbon world.”

Moving forward, Huawei said it is taking active steps to build business resilience and ensure steady development. “We must keep pace through continuous innovation, creating value for customers and society,” said Ken Hu. “We look forward to working more closely with our customers and partners to build a greener smart world.”

In addition to its innovation strategy, Huawei also shared its ambitious vision for the future and some of the exploration it is doing to get there. In his keynote address, Dr. Zhou Hong, President of Huawei’s Strategic Research Institute, said that “everything we imagine today is most likely too conservative – too little – for tomorrow. We have to face the future with bold assumptions and a bold strategy”. vision, and throw caution to the wind as we strive to break through the bottlenecks of theory and technology. It’s the only way to go.

The Huawei Global Analyst Summit was first held in 2004 and has been going on every year for 19 years. This year’s hybrid event brought together industry analysts, financial analysts, key opinion leaders and media representatives from around the world to learn about future industry trends and Huawei’s global development strategy. .

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