Huawei Pumps $22 Billion Into R&D to Beat U.S. Sanctions
- It devotes more of its revenue on research than the FAANGs
- Splurge reflects effort to get around severe U.S. sanctions
This article is for subscribers only.
Few companies devote more of their revenue to research than Huawei Technologies Co., for which developing new technologies is a matter of thwarting crippling U.S. trade and investment sanctions.
China’s largest tech giant almost doubled its R&D budget over the past half-decade to $22.1 billion in 2021 -- more than any company in the world outside America. That’s 22.4% of its sales that year: nearly double Amazon.com Inc.’s and Google-owner Alphabet Inc.’s proportions and more than triple iPhone-maker Apple Inc.’s. Only Meta Platforms Inc. came close among the so-called Faang contingent with 20.9%, data compiled by Bloomberg shows.