Huawei Ready to Outspend Ericsson in R&D Race to Woo Clients
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Huawei Technologies Co., China’s largest maker of networking equipment, is ready to outspend Ericsson AB of Sweden in research and development in a race to win over clients not only with cheaper products.
After investing some 30 billion yuan ($4.9 billion) in 2012, Huawei is boosting its research budget this year to improve mobile and fixed network performance as well as audio and video transmissions, Li Yingtao, its head of R&D, said in an interview. The privately held company is seeking to work more closely with carriers to jointly develop products from radio-access networks to miniaturized antennas.