Huawei invested more than 1 trillion yuan in R&D over past decade: Executive

On April 29, 2024, Huawei conducted the Digital Intelligence Asia-Pacific Summit in Bangkok where one of its executives revealed that the tech giant has invested more than 1 trillion yuan in the R&D sector in the past 10 years for innovative products.

Delivering a keynote, Huawei Vice Chairman and CFO Meng Wanzhou said that the company has invested more than 1 trillion yuan in R&D over the past 10 years. This is a big achievement itself, resulting in innovative and better-than-ever devices.

She added that the company has given immense priority to research as well as innovation. The aim has been to invent advanced, significant, and easy-to-use products for users that can offer them a variety of benefits in their daily lives.

In a previous event, the Managing Director of Huawei – Wang Tao mentioned that the company accounts for over 20% of its total revenue for the R&D stuff. It makes the company count in the top five R&D investors in the world.

Huawei Digital Intelligent Asia-Pacific Summit 2024 (Image Credits: MyDrivers)

“Huawei attaches great importance to research and innovation and has invested more than one trillion yuan in R&D over the past ten years.” – says Meng Wanzhou

Meng further cited that Huawei will continue to develop valuable and efficient products for customers. It will provide 5G-A, F5.5G, cloud, and digital services so that consumers in Asia-Pacific countries can enjoy the digital intelligence technology.

Huawei conducted the Digital Intelligence Summit jointly with the ASEAN Foundation. Over 2000 attendees including partners, experts, and analysts from 15 countries participated in the event and shared their words with others.