Surprise! Huawei Can Actually Innovateand Win Fans

Huawei doesn’t leap to mind as an innovative company. In the US, the Chinese telecom giant is best known for the government’s national security concerns—and allegations that it stole intellectual property from companies like Cisco and Motorola. Yet Huawei was the fifth-biggest research and development spender in the world in 2017, according to a European Union report. Its €11.3 billion ($12.9 billion) R&D spend that year outpaced Intel (€10.9 billion), Apple (€9.7 billion), and Nokia (€4.9 billion). Huawei claims its investments over the years have paid off in the form of 87,805 patents—11,152 of which were granted in the US. Now Huawei is trying to turn those patents into cash. This month Reuters reported that Huawei wants Verizon to pay …

Huawei Says US Sanctions Will Reduce Revenue by $30 Billion

Huawei may be feeling the sting of US efforts to rein in the Chinese telecom giant. In April, Huawei reported a 39 percent increase in first-quarter revenue, despite US efforts to dissuade allies from doing business with the firm. But the company now expects its revenue to decline to $100 billion this year from $107 billion last year, founder and CEO Ren Zhengfei said during an event Monday. Ren blamed the US decision to add Huawei to a list of companies that are essentially banned from buying US-made technology, including the software and microchips the company uses to build its smartphones and infrastructure gear. The bans will cost Huawei around $30 billion in revenue this year and next, Ren said …