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Friday, September 2, 2016

Huawei Commits to Heavy Spending on Internet-Infrastructure R&D

SHANGHAI—Chinese technology giant #Huawei Technologies Co. will invest at least $1 billion every year from now on in research and development of internet infrastructure such as servers and software, its top executive said. The aggressive spending plans are part of the Shenzhen-based company’s continued expansion far beyond its mainstay telecommunications equipment and handsets. “Undoubtedly, we will be a leader in this sector,” said deputy chairman Guo Ping in an interview. Mr. Guo is one of Huawei’s three top executives who take turns to rotate through the firm’s acting chief executive role.

http://www.wsj.com/articles/huawei-commits-to-heavy-spending-on-internet-infrastructure-r-d-1472742236

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