The Chinese technology giant has announced that it will invest $ 300 million a year over the next five to ten years to fund scientific research
Huawei founded the Strategic Research Institute to focus on sophisticated technology research. The Chinese technology giant will invest $300 million a year to fund academic research in basic science and technology, said William Xu, chairman of Huawei's Board, at the 2019 Global Analyst Summit, at its headquarters in Shenzhen, southern China.
According to Xu, Huawei is entering the era of "Innovation 2.0," in which the company will overcome obstacles in the basic theories and technologies that hinder the development of information and communication technology. William Xu, who is also the chairman of Huawei's Strategic Research Institute, said the establishment of the research center would help to realize Innovation 2.0.
In Innovation 1.0, he explained, the company focuses on providing innovative products, technologies and solutions that meet the needs of customers. In Innovation 2.0, everything that is created will be directed to basic theories and technologies in search of social progress.
William Xu even said that Huawei is confronting theoretical and engineering obstacles The rate of progress is expected to reach saturation in the next coming years. He noted that universities make significant contributions in these areas and that collaboration between companies and universities can bring mutual benefits.
Huawei plans to build laboratories, work with industry colleagues and universities, and make investments to drive innovation in basic theories and technologies that will inspire the revolutionary upgrade and benefit industry and the world. More than 700 representatives from partners, analysts and journalists attended the summit, which will end on Thursday.
Headquartered in Shenzhen, Huawei, a privately owned company, is a leading provider of telecommunications solutions and also one of the world's leading smart phone brands.