Huawei says to spend more than $300 million a year in funding for universities

Technology

FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong province, China July 22, 2019. REUTERS/Aly Song/File Photo

HONG KONG/CHENGDU, China (Reuters) – Huawei plans to spend more than $300 million a year in research funding for universities, a senior company executive said on Tuesday, even as the Chinese firm fights a U.S. trade ban from that has hurt its business and academia tie-ups.

William Xu, president of the telecommunications equipment maker’s institute of strategic research, made the comments at a company event in the southwestern Chinese city of Chengdu.

Huawei Technologies Co Ltd has been fighting a trade ban from Washington that has hurt its business since May and could cut off its access to essential U.S. suppliers.

The Massachusetts Institute of Technology in the United States cut ties with Huawei earlier this year after U.S. authorities started investigating the firm for alleged sanctions violations while Britain’s Oxford University stopped accepting funding from Huawei last year.

Xu said it was only a few institutions which had suspended their ties with the firm and that Huawei would allocate funding to institutions where the company was still welcomed.

He also said the firm shipped more than 200,000 telecommunications base stations to markets around the world, up from 150,000 disclosed in July.

Reporting by Sijia Jiang and Martin Pollard; Editing by Christopher Cushing

Products You May Like

Articles You May Like

Americans disembark from virus-hit cruise; China says new cases slow
All-Star MVP Award named in honor of Kobe Bryant
Munich Re targets growing global energy weather hedges
Some U.S. states launch coronavirus testing while faulty test kits delay others
ITV hit ‘Love Island’ to return on Monday after death of former presenter Flack

Leave a Reply

Your email address will not be published. Required fields are marked *