Huawei and FAANG Increase R&D
Huawei has almost doubled its R&D budget over the past half-decade to USD22.1B in 2021, more than any company in the world outside America. That is 22.4% of its sales that year: nearly double Amazon.com’s and Google-owner Alphabet’s proportions and more than triple Apple’s.
Only Meta Platforms came close among the so-called Faang contingent with 20.9%, data compiled by Bloomberg shows. Huawei, which is not publicly traded, was one of just six companies worldwide that spent more than USD20B on R&D in 2021. (GizChina, Bloomberg, Yahoo)