Type to search

Huawei Leads China R&D Spending Spree, Overtakes EU – Nikkei

The tech giant alone invested $22.5 billion in new products in 2022, according to a European Commission report

A Western security think tank said on Thursday that China has a "stunning lead" in 37 out of 44 critical emerging technologies.
China hi-tech workers in suits. Reuters file photo.


Chinese companies have narrowed their R&D spending gap on US rivals, overtaking their European counterparts, with firms like Huawei leading the way by pumping millions into research and development, Nikkei Asia reported.

R&D expenditure by 2,500 leading companies worldwide totalled $1.36 trillion in 2022, according to a European Commission report published at the end of 2023. China accounted for 17.8% of the total, surpassing Europe’s 17.5% and trailing only the US at 42.1%.

Huawei is responsible for much of the Chinese spending surge, the report went on, investing $22.5 billion in 2022, ranking it first among Chinese companies and fifth in the world.

Read the full story: Nikkei Asia


  • By Sean O’Meara


Also on AF:

Huawei Smartphone Output Hit, As Demand Soars For AI Chips

Huawei Computing Unit Issues Delay Chinese Auto Deliveries

Huawei Eyeing Autonomous Driving Dominance Next – ThinkChina

New Huawei Laptop Fuels Talk of Sanctions-Beating 5nm Chip




Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.


AF China Bond