Huawei
Private, employee-owned
| Huawei link Website | |
|---|---|
 | |
| Founder | Ren Zhengfei |
| Headquarters | Shenzhen, Guangdong, China |
| Type | Private, employee-owned |
| Subgroups | HiSilicon, Honor |
| Staff | 180,000 |
| Chinese multinational telecommunications company. Not owned by the Western Money Trust. | |
Huawei Technologies Co., Ltd. is a Chinese multinational telecommunications equipment and consumer electronics company based in Shenzhen, Guangdong, South China.
In October 2019, market researcher Canalys reported:
- “This is Huawei’s sixth consecutive quarter of double-digit growth amid a gloomy China market.”
The company posted 66% annual growth, reaching a staggering 42% smartphone market share.[1]
Operates worldwide
Huawei has deployed its products and services in more than 170 countries, and in 2011 it served 45 of the 50 largest telecom operators.[2] Huawei overtook Ericsson in 2012 as the largest telecommunications-equipment manufacturer in the world,[3] and overtook Apple in 2018 as the second-largest manufacturer of smartphones in the world, behind Samsung.[4] It ranks 72nd on the Fortune Global 500 list.[5]
Ren Zhengfei, a former engineer in the Chinese People's Liberation Army, founded Huawei in 1987. At the time of its establishment, Huawei focused on manufacturing phone switches, but has since expanded to include building telecommunications networks, providing operational and consulting services and equipment to enterprises inside and outside of China, and manufacturing communications devices for the consumer market.[6][7] Huawei had over 170,000 employees in 2017 around 76,000 of them engaged in research and development (R&D).[8][9] It has 21 R&D institutes in countries including China, the United States, Canada,[10] the United Kingdom,[11] Pakistan, Finland, France, Belgium, Germany, Colombia, Sweden, Ireland, India,[12] Russia, Israel, and Turkey.[13][14] By 2017 the company invested US$13.8 billion in R&D, up from US$5 billion in 2013.[15][16]
The company will dedicate 20-30 percent of R&D funding to basic science research, up from its previous 10 percent, and increase R&D funding to at least US$15 billion annually, according to the official company statement in November 2018. CNBC reported that Huawei's revenue in 2018 will exceed 100 billion US dollars for the first time.[17]
Pulling out of US market
Although successful internationally, Huawei has faced difficulties and cybersecurity concerns selling in some markets (such as the United States), over allegations that its equipment may contain backdoors that could enable unauthorised surveillance by the Chinese government and by the People's Liberation Army (citing, in particular, its founder having previously worked for the Army). While the company has argued that its products posed "no greater cybersecurity risk" than those of any other vendors, Huawei stated in April 2018 that it would largely pull out of the US market, due to the scrutiny having impacted its activity.
Arrested in Canada
Huawei's Vice-chairperson and CFO Meng Wanzhou was arrested in Canada on December 1, 2018 at the request of the United States, which accuses her of violating US sanctions against Iran.[18]
References
- ↑ "Huawei Shoots Up 66% As Apple Plummets: China Has Given Its Blacklist Verdict"
- ↑ http://www.businessweek.com/magazine/at-huawei-matt-bross-tries-to-ease-us-security-fears-09152011.html
- ↑ http://www.economist.com/node/21559922
- ↑ https://www.theguardian.com/technology/2018/aug/01/huawei-beats-apple-smartphone-manufacturer-samsung-iphone
- ↑ http://fortune.com/global500/huawei-investment-holding
- ↑ http://csis.org/files/publication/130215_competitiveness_Huawei_casestudy_Web.pdf
- ↑ http://news.idg.no/cw/art.cfm?id=2A72801F-1A64-67EA-E484130BD34FD158
- ↑ https://web.archive.org/web/20110812074813/http://www.businessweek.com/news/2011-04-17/huawei-2010-profit-gains-30-on-higher-international-sales.html
- ↑ http://www.huawei.com/en/ucmf/groups/public/documents/attachments/hw_093033.pdf
- ↑ http://www.huawei.com/ca-en/about-huawei/corporate-info/index.htm
- ↑ http://www.datacenterdynamics.com/focus/archive/2014/01/huawei-and-imperial-college-open-data-science-innovation-lab
- ↑ http://indianexpress.com/article/technology/mobile-tabs/ces-2016-huawei-unveils-mate-8-with-kirin-950-chipset/
- ↑ https://web.archive.org/web/20121011141541/http://www.huawei.com/en/about-huawei/newsroom/press-release/hw-071891-turkey-r.htm
- ↑ http://www.invest.gov.tr/en-US/successstories/Pages/Huawei.aspx
- ↑ https://www.koreatimes.co.kr/www/news/biz/2014/05/335_156166.html
- ↑ https://www.lightreading.com/artificial-intelligence-machine-learning/huawei-dwarfs-ericsson-nokia-on-randd-spend-in-2017/d/d-id/741944
- ↑ https://www.cnbc.com/2018/11/30/huawei-says-it-will-hit-100-billion-in-revenue-for-2018.html
- ↑ https://www.nytimes.com/2018/12/05/business/huawei-cfo-arrest-canada-extradition.html
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