In recent years, Huawei has been second to none in domestic enterprises in terms of R&D investment, and Huawei has set new goals for the future.
According to China Securities Network, on the morning of September 9th, “Tibet High Plateau Economic Summit Forum”, Huawei’s director and chief information officer Tao Jingwen said that it will be from digital government, digital communications, public safety, public utilities and talents. Cultivate five aspects to help Tibet's digital transformation.
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 in the past 10 years. In the future, R&D expenses will be invested between US$15 billion and US$20 billion each year, and basic research and cutting-edge technology fields will continue to be explored.
According to the 2017 Huawei annual report, Huawei 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 total revenue. In the past ten years, the accumulated investment in research and development has exceeded RMB 394 billion.
Globally, Huawei's R&D capital investment ranks third, second only to Amazon and Google's parent company Alphabet.
As of December 31, 2017, Huawei had accumulated a total of 74,307 patents; applied for 64,091 Chinese patents, and accumulated 48,758 foreign patent applications, of which more than 90% were invention patents.