Huawei to procure $4.17 billion in UK over the next 5 years

Huawei Technologies has announced a commitment to the UK with a promise of procurement over the next five years of £3 billion (US $4.17 billion). On February 1, 2018, Sun Yafang, the chairperson of Huawei, met with Theresa May, the UK PM in Beijing, and reaffirmed the company’s long-term commitment to the country.

Huawei has announced that the company will procure a total of £3 billion in the UK over the next five years, helping UK companies to increase exports to China.

(TOP: Ms Sun Yafang, chairperson of Huawei meets with Theresa May, the UK Prime Minister in Beijing. The firm will procure a total of £3 billion in the UK over the next five years).

This new commitment builds on the pledge made by Huawei in 2012 to invest and procure £1.3 billion in the UK over the five years from 2013-17. Huawei announced that this target was significantly exceeded, and Huawei has invested and procured £2 billion in that period. The company now employs more than 1,500 people in the UK in 15 offices, including its head office in Green Park, Reading.

Theresa May, said: “Thanks to the drive and innovation of UK business, backed by this Government, trade between the UK and China is already at record levels. This visit is an opportunity to further showcase the best of British and boost jobs and prosperity throughout the UK.”

Dr Liam Fox, UK’s International Trade Secretary, said: “Huawei’s £3 billion announcement is yet another significant vote of confidence in our world-leading tech industry and I’m delighted to welcome their increased commitment to the UK. With 90% of global growth forecast to come from outside the EU, my international economic department is working to ensure Britain continues to benefit from the vast opportunities available as we leave the EU.”

Sun Yafang said: “Huawei values long-term partnership. The UK was one of the first international markets we entered, when we opened our first office there in 2001. We have now been working with our major customers in the UK for more than twelve years, helping to build a better connected UK. Over the coming years we look forward to continuing to collaborate with our customers and partners to help keep the UK at the very forefront of the digital age.”

Ms Yafang met with Theresa May in Beijing and confirmed the company will procure a total of £3 billion in the UK over the next five years.

Huawei has worked with both BT Group and Vodafone Group for over 12 years, and these customer partnerships are central to the company’s success in the UK. The firm has two joint innovation centres in the UK, one in Ipswich with BT, and one in Newbury with Vodafone. It plans to continue making a significant contribution by exploring vital future technologies, including 5G, alongside its customers at these centres in the years ahead.

The Chinese firm also has a strong focus on R&D and has three Research & Development (R&D) sites in the UK: the Centre for Integrated Photonics in Ipswich; Neul in Cambridge; and a centre in Bristol. Huawei’s ongoing cooperation with UK universities has seen the company work with more than 20 different universities on over 100 individual research projects over the last five years. The company will continue to grow its investment in R&D and collaborate with UK universities over the next five years, with plans for an expanded range of topics to research and more university partnerships.


Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.