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Huawei Net Worth 2020

Huawei Net Worth 2020

The Huawei Net Worth in 2020 / 2021: Huawei is the largest Chinese company that designs and develops telecommunications equipment and consumer electronics, and its products are spread in more than 170 countries around the world.

It gradually increased to become the second-largest mobile phone manufacturer in the world after the Korean giant Phone Company Samsung.

Huawei was founded in 1987 in the city of Shenzhen, southern China, by former engineer Ren Zhengfei, with a capital of 21,000 Chinese yuan, an amount not more than $3500 US.

Huawei net worth
Ren Zhengfei

The net worth of Huawei is estimated at $ 80.64 billion in 2020 and 2021, making it the 4th richest technology brand in the world as a smart devices company.

In 2010, it was ranked in the list of the richest 500 companies in the world, according to the American “Fortune” magazine.

History:

huawei net worth 2020

At the beginning of Huawei in 1987, it focused on selling private telephone exchanges imported from Hong Kong, but the company invested heavily in research and development to manufacture its own technology.

By 1990 it had around 55 R&D personnel, and it began manufacturing its own products from retail outlets targeting hotels and small businesses. In 1996, the Chinese company established several more research and development offices.

In the period from 1998 to 2003, Huawei contracted with the American management consulting company “IBM”.

Huawei has made fundamental adjustments to its management and structuring of product development, accelerated its expansion into global markets, and achieved global sales of more than one hundred million dollars.

In the same period, the first center for research and development outside China was established, and that was in the Swedish city of Stockholm.

In 2010, Huawei’s annual sales reached $ 21.8 billion and its net profit reached $ 2.67 billion, making it debut in the list of the world’s 500 richest companies.

Huawei’s success:

 Net Worth of huawei

Huawei is the largest producer of telecommunications equipment, the 3rd-largest supplier of smartphones, and has a large number of R&D offices in the world.

Moreover, Huawei holds tens of thousands of patents. As of December 31, 2013, it had filed more than 44,000 patent applications in China, nearly 19,000 outside China, and 15,000 PCT applications. About 37 thousand of her requests were approved.

The field of research and development is the main pillar in supporting its commercial projects, as it employs more than about 45% of the total number of its employees around the world.

In 2013, the company invested $ 5.4 billion in research and development programs. In the same year, it joined more than 170 international institutions specialized in setting standards and standards for the technology of the communications and information technology sector.

Huawei is considered one of the first active companies in the field of research and development dedicated to the future of 5th-generation networks, as its investments in this field amount to more than $ 600 until 2018.

All these achievements contributed to the increase in Huawei’s net worth, reaching more than $ 80.64 billion in 2020.

Huawei phones:

Since its entry into the mobile phone industry, it has been offering us every year many phones in its six categories: Ascend Y, Ascend G, Honor, P, MediaPad, Mate, and the version that comes with Google’s partnership, known as Nexus.

Huawei products, solutions, and smart devices are spread in more than 170 countries around the world.

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