Fast Company Ranks Huawei Among the World’s 50 Most Innovative Companies

by Staff

Fast Company magazine ranked Huawei the 13th most innovative company in the world for 2016. This is Huawei’s third time to be ranked within the Top 50 Most Innovative Companies.

Utilizing Huawei’s expertise in mobile networks and devices, expansive infrastructure of industry partners and clients, the company has been able to establish itself as the world’s leading ICT solutions provider and the third largest smart phone manufacturer globally.

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“To be recognized by Fast Company for our efforts in innovation is truly an honor,” said Ryan Ding, Executive Director and President of Products and Solutions. “At Huawei, we’re committed to building a better connected world and innovation is one of our core principles. This recognition is a positive affirmation that the innovation we’re trying to provide globally, building better societies and connecting the unconnected is being recognized.”

Huawei is committed to achieving innovation through research and development (R&D):

  • It dedicates over 10% of annual revenue to R&D, cumulatively spending nearly $31 billion in R&D over the last decade.
  • 45% of Huawei’s 176,000 employees are dedicated to R&D.
  • Huawei was the global leader in international patent filings, according to The World Intellectual Property Organization (WIPO).

Peter Jarich, Vice President at research firm Current Analysis, said “Huawei’s continuing investments in R&D are a point of pride for the company, and they should be. Beyond a growth rate envied by nearly all competitors, the result has been a consistent stream of customer-centric innovations and technology leadership that will only become more important as network evolutions accelerate.”

Huawei cooperates with global innovators through its 16 R&D centers and 36 Joint Innovation Centers around the world, including the US, Germany, Sweden, the UK, France, Italy, Russia, India and China.

“At Vodafone, while we invest directly in innovation and research ourselves, we also collaborate with our partners to develop new technology. Working with Huawei in this way helps magnify our in-house R&D capabilities and allows us to deliver better services to our customers around the world.” said Matt Beal, Director of Architecture and Innovation at Vodafone.