The company believes that the commitment to R&D is key to delivering value to its customers.
Huawei’s revenue for its FY2021 might have been hurt by on-going US restrictions but the company has maintained a steady commitment in research and development.
In 2021, with a total R&D spend of RMB142.7 billion, it represents a R&D to revenue ratio of 22.4%, which marks one of the highest levels in the company’s history. Over the past decade, the company has spent a total of some RMB845 billion in R&D, with a R&D spend to revenue ratio of around 10%.
