Chinese global information and communications technology (ICT) solutions provider Huawei Technologies has today reaffirmed its commitment to the European market and to growing its investment in its R&D operations on the continent in 2013 and beyond. In a press release, the vendor confirmed that its investment goals are designed to help meet the evolving business needs of its customers, to help address the European Union’s strategic goals for ICT and to continue to grow its revenue in Europe and worldwide.
‘Huawei is committed to reinvesting a minimum of 10% of revenue in research and development every year,’ said Renato Lombardi, vice president of Huawei’s European Research Centre. ‘In 2012, we re-invested over 13% of our global revenue in R&D, one of the largest single commitments to R&D in the ICT industry by a private company. Our investment in R&D in Europe also continues to grow. It doubled between 2010 and 2013 and we expect it will double again over the next five years.’
The Chinese company has to date developed 13 R&D sites across Europe – in Sweden, Finland, the UK, France, Germany, Belgium, Ireland and Italy. It employs more than 800 R&D specialists across these European sites.