Huawei to invest over $300m a year in research funding for universities

Huawei to invest over $300m a year in research funding for universities

Photographer: Krisztian Bocsi/Bloomberg

Huawei plans to spend more than $300 million a year in research funding for universities, a senior company executive said on Tuesday, even as the Chinese firm fights a U.S. trade ban from that has hurt its business and academia tie-ups.

William Xu, president of the telecommunications equipment maker’s institute of strategic research, made the comments at a company event in the southwestern Chinese city of Chengdu.

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