Huawei was ranked within the Top 50 Most Innovative Companies for the third time this year by Fast Company, a highly regarded businesses and technology publication. They have listed Huawei in the 13th spot.
In their publication, Fast Company stated how Huawei got into the Top 50 again was because of their expertise in mobile networks and devices, expansive infrastructure of industry partners and clients. What's more, Huawei has been able to establish itself as the world’s leading ICT solutions provider and becoming the third largest smart phone manufacturer globally.
“To be recognized by Fast Company for our efforts in innovation is truly an honor,” said Ryan Ding, Executive Director and President of Products and Solutions. “At Huawei, we’re committed to building a better connected world and innovation is one of our core principles. This recognition is a positive affirmation that the innovation we’re trying to provide globally, building better societies and connecting the unconnected is being recognized.”
“Huawei’s continuing investments in R&D are a point of pride for the company, and they should be,” said Peter Jarich, Vice President at Current Analysis. “Beyond a growth rate envied by nearly all competitors, the result has been a consistent stream of customer-centric innovations and technology leadership that will only become more important as network evolutions accelerate.”
Matt Beal, Director of Architecture and Innovation at Vodafone, also remarked that at Vodafone, collaborating with partners such as Huawei helped them to magnify their in-house R&D capabilities and allows them to deliver better services to their customers around the world.
Below is a list of Huawei's commitment to achieving innovation through R&D:
- Dedicating over 10% of revenue to research and development
- Huawei’s R&D expenditure totaled CNY40.8 billion (USD6.6 billion) in 2014. Huawei cumulatively spent more than CNY190 billion (USD30.7 billion) in R&D over the last decade (2005~2014)
- 45% of Huawei’s employees are dedicated to R&D
- Huawei is a global leader in international patent filings according to The World Intellectual Property Organization (WIPO)
- Huawei has cooperated with global innovators through its 16 R&D centers and 36 Joint Innovation Centers around the world, including the US, Germany, Sweden, the UK, France, Italy, Russia, India and China
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