In recent times, Huawei has been one of the top Chinese companies in terms of R&D investment, and now, has set new goals for the future. At the recently held Tibet High Plateau Economic Summit Forum, Huawei’s director and chief information officer, Tao Jingwen, said that the company will encourage a digital lifestyle, digital communications, public safety, public utilities, and talents.
He also revealed that Huawei spends 10-15% of its sales revenue on R&D investment every year, and has accumulated more than 300 billion Yuan ($44 billion) in the past 10 years. According to him, the company will invest $15 billion to $20 billion in Research and Development (R&D) each year and continue to increase the exploration of basic research and cutting-edge technology.
According to the 2017 Huawei annual report, the company had about 80,000 R&D personnel last year, accounting for 45% of the total number of companies. Research and development expenses were RMB 89.7 billion, accounting for approximately 14.9% of its total revenue. The accumulated research and development expenses in the past decade exceeded RMB 394 billion ($58 billion). Globally, Huawei’s R&D capital investment ranks third, behind Amazon and Google’s parent company Alphabet. As of December 31, 2017, Huawei had a total of 74,307 granted patents; 60,941 Chinese patents, and 48,758 foreign patent applications, of which more than 90% were invention patents.