10/17/2013 5:11:31 PM
Huawei announces plans for £125m research centre
Huawei has been welcomed to the UK by chancellor George Osbourne after announcing its plans to open a £125 million research and development centre.
The centre is part of the manufacturer's $2 billion (£1.24 billion) investment in the UK, which was announced last year. It has an existing research and development office in Ipswich with 80 members of staff, but the investment will see that number rise to 300 research and development positions by 2017. Investment will also go into fibre-based fixed line and LTE networks.
Huawei CEO, Ren Zhengfei, said: ‘I am proud to welcome the Chancellor of the Exchequer George Osborne to our headquarters in Shenzhen. The UK is home to some of the best high-tech professionals in the world. Their creativity is a major asset to our R&D efforts, helping us produce the most advanced and competitive telecoms and broadband services available. Combined with an open and free-trade economy, this makes it a very good investment environment for Huawei. I have every confidence in Huawei's future in the UK.
Chancellor George Osbourne added: ‘One of the most exciting opportunities for collaboration between Britain and China in the next step of our relationship is between our cutting edge, high-tech companies. So I am delighted to be visiting Huawei's headquarters with leaders of some of Britain's most entrepreneurial tech companies to welcome Huawei's investment into the UK.’
Author: Matthew Campelli