Huawei says it is committed to investing $1 billion, and will be spending another $1 billion in procurement, in the UK over the next five years. In a meeting with UK Prime Minister David Cameron and Lord Green, Minister of State for Business, Ren Zhengfei, founder and CEO of Huawei, outlined the company’s long-term commitment to the UK through further investment in research and development, local procurement and centre of excellence initiatives.
Huawei already employs over 800 people in the UK and has committed to increasing its workforce to over 1,500 by 2017. As part of this commitment Huawei will invest in a number of global centres of technical and financial excellence in the UK. Huawei works with all the major telecommunication operators and broadband service providers in the UK.