Huawei, China's telecom equipment giant and a global supplier of information and communication technology (ICT), has doubled its investment in research and development (R&D) in Europe since 2010, said the company on September 13.
"We expect it will double again over the next five years," said Renato Lombardi, Vice President of Huawei's European Research Center.
"Huawei is committed to reinvesting a minimum of 10 percent of revenue in R&D every year," said Lombardi. "In 2012, we reinvested over 13 percent in R&D, one of the largest single commitments to R&D in the ICT industry by a private company," he said.
Huawei creates about 7,500 jobs in Europe, including 800 researchers in its 13 European R&D sites based in Sweden, Finland, Britain, Germany, France, Belgium, Ireland and Italy. Its first overseas laboratory was opened in 2000 in the Swedish capital of Stockholm. |