Bangkok--3 Mar--Francom Asia
Huawei Technologies, world’s largest telecom equipment maker, ranked fifth on the 2019 EU Industrial R&D Investment Scoreboard, for the second consecutive year, as the world’s top investor in research and development. A recent study by the European Commission (EC) keeps a scoreboard comprising 2,500 companies with the largest investments in R&D worldwide. Huawei and the Alibaba Group (ranked 28th), are the only two Chinese companies that made it to the top 50 in the latest list.
Dedicating 10% to 15% of its annual sales revenue to R&D, Huawei is known for its consistent dedication to research and innovation. It has spent approximately USD 70 billion (2.2 trillion Baht) on R&D over the last decade. The tech firm started its research in 5G technology as early as 2009, investing over USD 4 billion (127 billion Baht) in its 5G studies and product development. As a result, Huawei now holds 3,325 5G patents, the highest number of patents in 5G technology owned by a single company. It has also been behind most 5G technical standard contributions over the last decade, according to innovative market intelligence company Iplytics.
As the commercial 5G era kicks off around the world, Huawei’s founder and CEO Ren Zhengfei revealed in September that the company has already began its study on 6G development, which promises to be 100 times faster than its predecessor. “We have parallel work being done on 5G and 6G, so we started out 6G a long time ago,” Mr. Ren said. “But it’s in an early phase and we do not think the commercial use of 6G will begin for at least another 10 years,” he explained.
Focusing its efforts on 5G for now, the company has currently signed over 90 commercial 5G contracts worldwide.
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