As the recent exciting media launching of the smartphone series Pura 80 was going on, Huawei's Richard Yu, who is in charge of consumer products, had evoked spectacular numbers about innovation at Huawei, revealing that it had invested $173 billion in R&D for the last decade.
The long-term investment created a huge portfolio of intellectual property, and currently, Huawei has over 100,000 active patents.
A company spokesperson went on to say that out of the total sum, about $25 billion was spent on development just last year; this particular figure represented a massive 20.8 percent of Huawei's total revenue for that period. In fact, over the last decade, these investments have aided Huawei in introducing many pioneering products, thereby placing them in strong competition against American technology.
That patent collection, which for now is estimated at about 150,000 registered patents, spans virtually every technological discipline-from innovations for wearables and complex sensors for smartphones to state-of-the-art smart car technologies. Their patent applications also cover 5G-related products and optical computing chips, which are vital in enabling high-speed connections for massive data centers.
While looking forward, Huawei will ensure a commitment to incessantly ramping up its investments in research and development. In its earnings report for 2024, the tech giant admitted that although sustained growth in R&D spending may sometimes impact net profits, in the end, these expenditures lead to better and more advanced products for consumers.
