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’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)



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