Since 2019, Huawei is continuously making efforts in order to overcome US restrictions and its investment in research of new technologies has paid a pivotal role to achieve this sole aim.
Recently, Huawei announced the business results for the first quarter of 2023. The tech maker announced sales revenue of 132.1 billion yuan with a year-on-year increment of 0.8% and a net profit margin of 2.3%. The net profit is about 3.038 billion yuan.
“Overall business results were in line with forecast. Huawei has yet again increased investment in R&D to keep innovating for the future, create new value for its customers, partners, and the communities worldwide, and promote quality development.” wrote Huawei in the press release.
Prepared for the Future:
Huawei’s rotating chairman, Xu Zhijun mentioned that in the past three years, Huawei achieved immense growth. It has created tools around the three R&D production categories including:
- Hardware development
- Software development
- Chip development
The company also completed the replacement of 78 software/hardware development tools. This ensures continued operations in the R&D divisions inside the Chinese firm. Looking at the example, the company has announced the localization of EDA tools above 14 nanometers. Meanwhile, its comprehensive verification will be completed in 2023.
Boosting Research Investment:
At the Annual Business Report 2022, Huawei announced increased R&D expenses, which reached an all-time high of 161.5 billion yuan. This is a year-on-year increase of 13.2% and it covers 25.1% of the annual revenue. The accumulated R&D expenses in the past ten years exceeded 977.3 billion yuan.
Furthermore, industry analyst believes that this is the result of Huawei’s tech prowess in various field of business. It also helped the company to successfully endure the sanctions. Furthermore, the company has come up with major breakthroughs such as the localization of the 14nm chipset process.
Largest patent owner:
By the end of 2022, Huawei owned over 120000 authorized patents all across the globe. The company has signed 29 bilateral agreements with partners and granted various patent licenses.
According to the Global 5G Standard-Essential Patents and Standard Proposal Research Report (2023), Huawei 5G standard essential patent ranked first in the world. The data compiled by the China Academy of Information and Communications Technology reveals that Huawei has around 9000 patents.
With all current challenges, Huawei is bolstering investment in research and development of new technologies to move forward in the industry and find its way to attend progress.