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China Facts: Chinese technology group among the top R&D spenders

Huawei spent a record $13,8bn on research and development last year, ranking the Chinese technology group among the top spenders, and it projects that its budget will rise to as much as $20bn each year. The increased spending is likely to fuel fears in the US administration that Chinese companies will spearhead standard-setting in next-generation technologies, including networks. US concerns have seen the Shenzhen-based group, in effect, frozen out of the US market, unable to sell telecoms kits or even handsets on any scale. The concerns prompted Trump to block Broadcom's acquisition of Qualcomm, fearing the deal would mean cost cuts and undermine the US chipmaker's ability to compete with Huawei in 5G. Qualcomm has been a leading participant in standards-setting for 3G and 4G.*)     

 

*) F.T. 31st March 2018

 

 

 

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Hans Henrik Pontoppidan
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