For the past 30 years, Huawei has provided innovative products and solutions to ensure the secure and stable operations of our customers' networks no matter what comes their way, be it earthquakes, tsunamis, or even global conflict. Huawei is committed to bringing digital to every person, home and organization for a fully connected, intelligent world. To realize this vision, Huawei highly values innovation and research into technology. Every year, we invest at least 10% of our revenue in R&D.
Customer-centric and sustained R&D and innovation is the foundation of Huawei's survival and growth. Huawei has grown steadily for more than 30 years and has become a world leader in many aspects of technology and in many of its solutions. This is the result of Huawei's sustained strategic investment for strategic breakthroughs.
Respecting and protecting intellectual property (IP) is the foundation of innovation. While promoting our own growth, we also license to other industry players to promote shared success. Over the past 20 years, Huawei has conducted extensive cross-licensing negotiations with key patent holders in the ICT industry and has entered into more than 100 patent license agreements with major global ICT companies across Europe, the United States, Japan, and South Korea.
Long-term investment in innovation, backed by the utmost respect for intellectual property, has been the driving force behind Huawei's business success, and also forms the cornerstone of our vision to build a fully connected and intelligent world.