China's Huawei says to spend $2.0 billion in Britain

Sep 12, 2012

Chinese communications giant Huawei Technologies on Wednesday said it would invest $2.0 billion (1.5 billion euros) in Britain and roughly double its workforce in the country within five years.

"Huawei (has) committed to investing $1.0 billion and to spend another $1.0 billion in procurement in the UK over the next five years," the IT giant announced in a statement overnight.

"Huawei already employs over 800 people in the UK and has today committed to increasing its workforce to over 1,500 by 2017."

The Chinese firm said $1.0 billion would be spent on projects including , while another $1.0 billion on buying components.

The announcement followed a meeting on Tuesday between British Prime Minister David Cameron and Huawei founder and chief executive Ren Zhengfei.

-based Huawei, which is the world's second-largest maker of after Sweden's Ericsson, works alongside all major and broadband Internet providers in Britain.

"The investment announced by Huawei... demonstrates once again that the UK is open for business," Cameron added in the statement.

"I welcome this and I want to see more companies invest in the UK as we work to achieve sustainable and balanced growth within our economy.

"The values the important relationship with China, both countries have much to offer each other and the business environment we are creating in the UK allows us to maximise this potential," Cameron said.

Ren said Britain was one of the most important markets in which the group had invested.

"The UK is a centre of innovation, has a highly skilled workforce, and is respected internationally for the quality of its legal and educational systems," he said.

"It is for these reasons we have selected the UK as the location for a number of our centres of excellence. I would like to thank our UK customers and partners, as well as the British government, for their continued support."

Explore further: Germany still has some way to go to 'smart factories'

Related Stories

China's Huawei sues ZTE for patent infringement

Apr 28, 2011

China telecoms giant Huawei said Thursday it is suing hometown rival ZTE in Europe for alleged patent and trademark infringements, as the Chinese firms battle for overseas market share.

China's ZTE rejects Huawei patent charges

Apr 29, 2011

Chinese telecom equipment maker ZTE has rejected charges by its bigger rival Huawei Technologies, which is suing ZTE in three European countries for alleged patent and trademark infringements. ...

Motorola Solutions, Huawei settle IP dispute

Apr 13, 2011

Motorola Solutions and China's Huawei Technologies have settled their legal dispute, the companies said Wednesday, paving the way for Motorola to complete a deal with Nokia Siemens Networks.

Chinese tech giant calls for cyber cooperation

Jun 23, 2012

(AP) — The founder of Chinese telecom equipment giant Huawei, which has faced security concerns in the U.S. and Australia, is calling for global cooperation to improve data protection.

Huawei sues Motorola over IP transfer to NSN

Jan 24, 2011

China's Huawei Technologies Co. sued Motorola on Monday to prevent confidential Huawei intellectual property information from being allegedly transferred to Nokia Siemens Networks.

Recommended for you

Germany still has some way to go to 'smart factories'

16 hours ago

Collaborative robots and intelligent machinery may have wowed the crowds at this year's Hannover Messe, but experts see German industry as having some way to go towards incorporating them on factory floors ...

Taiwan factory workers win $18 mn over cancer deaths

Apr 17, 2015

Workers from a factory in Taiwan which leeched toxic chemicals they say resulted in 200 deaths from cancer and more than 1,000 other cases of the disease won a Tw$564.45 million ($18 million) payout from US electronics company ...

Court monitor: Apple antitrust cooperation has 'declined'

Apr 17, 2015

Apple Inc.'s cooperation with efforts to improve its compliance with antitrust laws after a federal judge concluded it colluded with electronic book publishers to raise prices five years ago took on an "adversarial tone" ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.