Huawei was founded in the year 1987 by Ren Zhengfei, a former engineer in the army. Huawei Technologies Co. is regarded as the colossus in China. Huawei is the largest telecom equipment supplier in the whole world. In the meantime, it comes at rank two as mobile phones marker, which makes it possible for the technology to reach to every corner of the globe virtually.
The leader in telecom equipment is also comprised of a significant research and development budget that has led the company to become the leader in the technology surrounding 5G. However, Huawei has faced quite a long-term scrutiny in the field in the United States of America.
The carrier business of Huawei supplies the bolts and nuts of the market surrounding telecommunication to different network all around the world. It has always been the heart and soul of the company. The enterprise business of Huawei is comprised of consumer business and cloud computing by selling mobile gadgets such as smartwatches, smart bands, smartphones among other gadgets and this is also growing rapidly.
The tech company has made itself to begin supplying the telecom gear which reaches out to the rural areas of China, which is still a significant market. Later, Huawei spread its reach to other markets which are currently in a developing stage as they capture a bigger share of the telecom market in the United Kingdom.
In its inception, the company was gravely accused of stealing technology which also included the lawsuit which the company received in the year 2003 by Cisco Systems Inc. Huawei settled the lawsuit without having admitted to the wrongdoing.
As of now, Huawei has the largest of the R&D budget among all of the tech industries from China by pouring $13 billion the previous year to develop its technology of its own by outpacing the Intel Corporation and by spending close to Alphabet Inc.
Source: wallstreetjournal
