Adding $ 5.8 billion to the original basis, the total cost will exceed $ 20 billion.
This is the 2020 Huawei R & D budget goal mentioned by Ren Zhengfei in an exclusive interview with the Wall Street Journal.
In an interview, Ren Zhengfei said that most of Huawei's employees have resumed work after the emergence of the new crown pneumonia epidemic, and he believes that the company is expected to achieve its adjusted financial goals. In 2019, Huawei expects annual revenue to reach 850 billion yuan, an increase of 18% year-on-year.
It is worth mentioning that Huawei has always attached great importance to investment in technology research and development, and related costs continue to increase. Take the past three years as an example. The average annual growth rate of Huawei's R & D expenses exceeds 15%.
From 2017 to 2019, Huawei's R & D expenses were 896.9 yuan, 101.5 billion yuan, and 120 billion yuan, respectively. The corresponding year-on-year growth rates were 13.17% and 18.23%.
In this interview, Ren Zhengfei also said that after the emergence of the new crown pneumonia epidemic, most of Huawei's employees have resumed work. Huawei has resumed more than 90% of its production and development business, adding that the company provides protective equipment to partners to keep production lines normal Operation to ensure the integrity of most supply chains.
Ren Zhengfei said that maintenance service personnel around the world have also been working to ensure that communications are not interrupted. "As the epidemic spreads, the world needs (or more) Internet services," he said. At the same time, he is very confident in Huawei, saying that Huawei is on track to achieve its adjusted financial goals.
