Huawei nearly doubled its research and development budget over the past five years.
Few companies devote more of their revenue to research than Huawei Technologies Co., for which developing new technologies is a matter of thwarting crippling US trade and investment sanctions.to $22.1 billion in 2021 — more than any company in the world outside America.
That growing warchest underscores Huawei’s do-or-die effort to develop chips, networking gear and even smartphones free of American technology, barred since 2019 after Washington accused Huawei of jeopardising US national security. That approach has paid dividends so far — the Chinese networking giant received 2,770 US patents last year, putting it at No. 5 behind perennial leader International Business Machines Corp., according to an independent study.
In 2021, Huawei sold its Honor phone unit to a state-led conglomerate, and unloaded its x86 server business on another Chinese consortium.While Huawei’s 2021 research budget doubled from five years earlier, based on its annual reports, the yearly growth slowed. Meta quadrupled its own spending — a function of its new focus on developing metaverse technology.
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