Huawei aims at revenues of US$150 billion by 2020, says CEO

Irene Chen, Taipei; Steve Shen, DIGITIMES Asia 0

Huawei Technologies aims to ramp up its annual revenues to US$150 billion by 2020 and will maintain a yearly R&D budget equal to about 10% of its annual sales, according to company founder and CEO Ren Zhengfei.

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