HONG KONG, Apr 25: Huawei Technologies Co Ltd, the world’s No.2 telecom equipment maker, expects to invest $4.5 billion in research and development this year, up from around $2.37 billion last year, Executive Vice President Eric Xu said on Wednesday.
In coming years, Huawei’s mainstay business of selling network equipment to telecom carriers will grow by 10-20 percent, while its consumer devices business will grow by around 30 percent, Xu told an analysts conference in Shenzhen, China (agencies)
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