Number two of the global manufacturers in the smartphone market, Huawei continues to grow and is now one of the leading R & D leaders.
The company ranks fifth in the R & D industrial investment scoreboard in 2018 and was ranked 12th this year on Brand Finance Global 500 with 63.7% growth in annual value.
Published by the Joint Research Center of the European Commission, since 2004 this ranking has been a key reference in the field of innovation. Every year, this document lists the 2,500 European and international companies most invested in the field of R & D.
Last year, Huawei spent 11.3 billion euros on its R & D activities, representing 14.7% of the company’s total revenues.
Huawei is also one of the fastest growing companies in R & D spending, which grew by 16.6% between 2017 and 2018.
As a reminder, Huawei spends 45% of its worldwide workforce, or some 80,000 employees, in its innovation and R & D activities.