Huawei invested nearly $173.7 billion in R&D over the past 10 years

Huawei Consumer Business Group Chairman Richard Yu today announced that the company has invested around $173.7 billion in its R&D sector over the past 10 years. The OEM has also gathered more than 100,000 valid patents worldwide.

Richard shared the news during the Huawei Pura 80 series launch event. The executive revealed that the company has spent $173.7 billion (1.249 trillion yuan) on Huawei R&D in the last 10 years, to build innovative and user-friendly products.

The Chairman added that out of the given amount, the company expended around $25 billion (179.7 billion yuan) last year, accounting for 20.8% of the annual revenue.

According to Richard Yu, these investments are no less than manifestations of Huawei’s technological strength. In the past decade, the company has unveiled several innovative products that are capable of rivaling US-based products and techs.

The list also includes amazing 5G smartphones that once again hit the user market in 2023, after being grounded in 2019 due to the US sanctions over security risks.

Huawei invested nearly $173.7 billion in R&D over the past 10 years (Image Credits: Weibo)

Apart from the R&D investment, the executive revealed that Huawei also has 150,000 authorized global patents. These patents can be related to the wearable technology, smartphone sensors, smart car solutions, improved calling, and more.

The patent applications further count 5G standard-based products as well as optical computing chips required to train AI LLMs and in high-profile data centers.

Huawei believes that R&D expenses define the company’s height in the tech world. It outlines the firm’s strength in terms of technological innovation and competition with both Chinese and foreign rivals in the consumer market.

In the current scenario, Huawei is constantly looking forward to increasing its investment in the R&D segment. During the 2024 revenue report, the tech giant mentioned that a continued hike in investment often results in a net profit decline. But that’s not an issue until we keep developing better and advanced products for users.

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