On February 5, according to ** report, Huawei has become the main force driving the increase in R&D expenses of Chinese enterprises with its huge amount of R&D investment. In 2022, Huawei invested 20.9 billion euros (about 162.1 billion yuan) in R&D, ranking first among Chinese enterprises and fifth among global enterprises.
According to a report released by the European Union, the total R&D expenditure of 2,500 major companies in the world in 2022 reached 12499 trillion euros (about 9.)7 trillion yuan). China accounts for 17 percent of global R&D spending8%, surpassing Europe (17.).5%), second only to the United States (42.).1%), ranking second in the world.
At the same time, Huawei's financial report data shows that R&D investment in 2022 accounted for 25% of its total annual revenue1%。Despite the sanctions, Huawei has significantly increased its R&D investment to promote innovation in areas such as communications, artificial intelligence, and semiconductors. Under the pressure of US sanctions, Huawei has firmly invested 1 to 20% of its sales in research and development, making an important contribution to global scientific and technological innovation.
It is worth noting that China's share of R&D in the past 10 years has increased from 4 in 20123% rises to the current 178%, continuing to catch up with the United States. For example, last year, Huawei successfully realized the return of Kirin chips, launched high-performance semiconductor smartphones that support the "5G" communication standard, and independently realized practical use. 
Other Chinese companies are also doing well in the field of R&D, with Tencent Holdings ranking second in China and 19th in the world with 8.2 billion euros in R&D investment; Alibaba ranks third in China and 22nd in the world with an investment of 7.6 billion euros. China State Construction and China Railway occupy prominent positions in the world with R&D investment of 6.6 billion euros and 3.6 billion euros, respectively.
Editor's Comments:For technology companies, their foothold must be technological innovation. Only through large-scale R&D investment can enterprises achieve a leading position in the market, and Huawei is among the leaders. Other tech companies should also recognise that while marketing gimmicks have their driving effect, only technological innovation can be a solid cornerstone.