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Company OverviewHuawei is a global information and communication technology (...
Company OverviewHuawei is a global information and communication technology (ICT) solutions provider that ranks among the world's largest telecommunications equipment and systems suppliers. Founded in 1987, the company is headquartered in Shenzhen, China, and currently has over 190,000 employees worldwide, with over 45% of whom engaged in R&D. Huawei's products and services cover a wide range of areas including telecommunications networks, IT, smart devices, energy, transportation, and healthcare. In recent years, Huawei has also been actively expanding into the Internet of Things (IoT), artificial intelligence (AI), cloud computing, and other emerging technologies.Corporate MilestonesEarly YearsHuawei was founded by Ren Zhengfei in 1987 with a registered capital of only 21,000 yuan. At the beginning, the company mainly engaged in the distribution of telecommunications equipment and maintenance services for telecom networks. By 1993, Huawei had started to research and develop its own digital switches and transmission equipment, which marked the company's entry into the field of telecommunications equipment manufacturing.Growth in the 21st CenturyIn the 21st century, Huawei continued to grow rapidly on the back of globalization strategies that included setting up overseas research centers and local production bases. In 2008, Huawei was named one of the world's top five suppliers of telecom equipment for the first time. In 2010, Huawei's revenue exceeded $30 billion for the first time.Expansion into New TechnologiesIn recent years, Huawei has been actively expanding into new fields such as IoT, AI, cloud computing, and big data analytics. The company has established a number of independent subsidiaries to focus on these areas, such as Huawei Cloud Computing Co., Ltd., and Huawei's IoT platform company. Huawei has also been increasing its investment in research and development (R&D) in these areas, with its R&D expenditure exceeding $15 billion in 2019 alone.Global ReachHuawei has a strong global presence with a network of over 170 subsidiaries covering more than 170 countries and regions. The company has established a global procurement center to integrate procurement resources from around the world to support the company's global expansion. Huawei's global reach extends to both mature and emerging markets. In mature markets, Huawei has established itself as a leading supplier of ICT solutions for telecommunications carriers and enterprises alike. In emerging markets, Huawei has leveraged its technology leadership and cost-effective solutions to gain popularity among consumers and enterprises alike.Core CompetitivenessStrong R&D CapabilitiesHuawei is one of the world's largest R&D-driven companies with a yearly R&D expenditure exceeding $15 billion. The company has built a global R&D network with over 45% of its employees engaged in R&D work across various fields including ICT infrastructure, terminal devices, cloud computing, AI, and other emerging technologies. Huawei's R&D capabilities have helped it to accumulate over 65,000 patents worldwide and become one of the few companies that can provide end-to-end ICT solutions for telecommunications carriers and enterprises.Cost-Effective SolutionsHuawei's cost-effective solutions have helped it to win market share from competitors around the world. The company's ability to control costs while maintaining product quality and performance is achieved through vertical integration strategies that cover the entire value chain from chip design to device manufacturing. Huawei's procurement strategies have also helped it to achieve cost leadership advantages by optimizing global procurement resources and streamlining supply chains.Diversified Product PortfolioHuawei's diversified product portfolio allows it to meet the diverse needs of customers from different industries around the world. The company's product range includes telecommunications equipment such as switches and base stations; enterprise-level solutions such as data centers and enterprise networks; consumer electronics products such as smartphones and tablets; and cloud computing services for enterprises and individuals. Huawei's product portfolio diversification has enabled the company to capture market opportunities in different industries and regions around the world.Environmental and Social ResponsibilityEnvironmental ProtectionHuawei is committed to environmental protection and sustainable development. The company has implemented an environmental management system that complies with international standards such as ISO 14001. Huawei's environmental policies cover green procurement, energy efficiency, waste reduction, and other environmental aspects related to its operations. The company also strives to promote sustainable development among its suppliers by encouraging them to adopt environmentally friendly