Huawei has announced it will be committing USD300 million to the funding of research in basic science and technology, moving into the era of Innovation 2.0.
TheNewsGuru (TNG) reports William Xu, director of the Huawei Board as saying the USD300 million for the funding of research in basic science and technology would be invested every year over the next five to ten years.
Xu made this known at the Huawei’s annual global analyst summit at its headquarters in Shenzhen in southern China.
He said Huawei is facing theoretical and engineering bottlenecks like the inevitable slowdown of Moore’s Law.
“Huawei establishes the Institute of Strategic Research to focus on research into cutting-edge technology, and the company will invest 300 million U.S. dollars each year to fund academic research in basic science and technology,” he said.
Xu said Huawei is moving into the era of “Innovation 2.0”, in which the company will overcome bottlenecks in theories and basic technologies hindering the development of information and communication technology.
Xu, also president of the Huawei Institute of Strategic Research, said the establishment of the research facility would help make Innovation 2.0 a reality.
In Innovation 1.0, Xu said, the Chinese telecommunication giant focused on providing innovative products, technologies and solutions that meet customer needs.
In innovation 2.0, innovation will be steered into theories and basic technologies that can promote social progress, according to Xu.