EU ranks Huawei as the world’s 2nd highest R&D investor

EU Industrial R&D investment scoreboard 2021 has announced Huawei as the second-largest R&D investor in the world. This is a step up for the Chinese tech giant, which has been decreased from last year in 3rd place during the 2020 EU Industrial R&D Investment Scoreboard.

According to information, the 2021 EU Industrial R&D Investment Scoreboard is a European Commission publication. It ranks the research investment levels of 2500 companies around the world that comprise 90% of the world’s business-funded R&D. The report was prepared by the EU Joint Research Centre (JRC).

“Huawei is now ranked as the 2nd highest private sector investor in research and development in the world announced EU. The European Commission Industrial R&D Investment Scoreboard 2021 is recognized as one of the most authoritative global studies into private sector investment in research and development. International collaboration in the areas of research and science is very important so as to guarantee that the most innovative products and services are developed” said Tony Jin, Huawei’s Chief Representative to the EU Institutions.

According to information, Europe is a big market for Huawei and the R&D process of the company that takes place in the region goes is first started in Sweden in 2000. Today, Huawei has over 2400 researchers in 23 research centers across Europe.

On the other hand, it has various partnerships with over 150 European universities, Huawei is deeply embedded within the ICT research ecosystem in Europe.

(source – Huawei)