Business Study Resources – Huawei
Huawei Technologies Co, Ltd
Huawei was founded in 1987 by Ren Zhengfei, a former engineer in the People’s Liberation Army. At the time of its establishment, Huawei focused on manufacturing phone switches, but has since expanded its business to include building telecommunications networks, providing operational and consulting services and equipment to enterprises inside and outside of China, and manufacturing communications devices for the consumer market. Huawei has over 170,000 employees as of September 2015, around 76,000 of whom are engaged in research and development (R&D) It has 21 R&D institutes in countries including China, the United States, Canada, the United Kingdom, Pakistan, Finland, France, Belgium, Germany, Colombia, Sweden, Ireland, India, Russia, Israel, and Turkey, and in 2014, the company invested $6.4 billion USD in R&D, up from $5 billion USD in 2013.