Huawei R&D hits new high, revenue up

by The Manila Times

Apr 09, 2023 12:08 am

CHINA-BASED tech giant Huawei reported steady operations throughout 2022, having generated $93.2 billion in revenue and $5.2 billion in net profits as the company recently released its 2022 Annual Report on March 31.

The technology company continued to strengthen its investment in R&D, with an annual expenditure of $23.45 billion in 2022, representing 25.1 percent of Huawei's annual revenue and bringing its total R&D expenditure over the past 10 years to more than $141.8 billion.

Eric Xu, Huawei rotating chairman, and Meng Wanzhou (Sabrina Meng), Huawei chief financial officer. Contributed photo

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