Huawei Canada Ranks 18th Overall in Corporate R&D Spending In Canada
Friday, January 15th, 2021 (Toronto, ON) – Huawei Canada ranked 18th among Canada's Top 100 Corporate R&D Spenders, according to a newly released report by the authoritative consulting and publishing firm RE$EARCH Infosource Inc. Since first appearing on the list in 2012 at the 74th position, Huawei Canada has consistently moved up in the rankings as the company continues to make investment in Canada a priority.
Huawei spent $261.6 million on R&D in Canada in Fiscal 2019, up from $186.7 million in 2018 and $142.8 million in 2017. A leading global information and communications technology (ICT) solutions provider and one of the world’s largest smartphone manufacturers, Huawei opened its Canada Research Centre in Ottawa in 2009. Today, Huawei Canada has seven additional R&D facilities across Canada in Waterloo, Edmonton, Vancouver, Montreal, Quebec City, Kingston and at its Canadian headquarters in Markham, ON. These centres employ more than 1,200 researchers and engineers.
“Huawei will continue to be an important contributor to Canada’s knowledge-based economy,” said Changtian Cai, President, Huawei Canada R&D. “Openness and diversity are Canada’s great strengths. They help attract global talent and business. Huawei Canada’s R&D spending creates jobs, trains talents, supports fundamental research, and accelerates knowledge-to-impact in Canada. We are proud of all of that.”
"Huawei Canada saw a huge 40% increase in R&D investment last year, solidifying its position among the corporate R&D leaders. Huawei is a pillar of the corporate research community in Canada," said Ron Freedman, CEO, Research Infosource Inc.
A comprehensive study by Oxford Economics Ltd. found that, in 2018 alone, Huawei created a total economic benefit equivalent of almost $700 million to Canada’s Gross Domestic Product.
As Huawei Canada’s R&D spending continues to grow, Huawei’s economic contribution to Canada is expected to increase.
To view Canada’s Top 100 Corporate R&D Spenders, visit: https://researchinfosource.com/top-100-corporate-rd-spenders/2020