Tuesday, July 16, 2024

Huawei ramps up R&D spending in mobile push

Chinese telecoms giant Huawei has increased its spending on research and development (R&D), and hired additional staff, in an attempt to stabilize its business during a very turbulent 2022.

During the company’s earnings briefing in Shenzhen, earlier this week, the company’s rotating chairs, Meng Wanzhou, and Eric Xu, said the company’s goal for 2022 was “sustainable survival and development” as it sought to expand and “optimize” its business portfolio. 


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