Huawei Technologies Co. Ltd. – Company of the Month – July 2019

Company name: Huawei Technologies Co. Ltd.

Founder: Ren Zhengfei

Year: 1987

Total Assets: US$97.109 billion

Revenue: US$105.191 billion

Net Income: US$8.656 billion

Country: China

Headquarter: Shenzhen, Guangdong, China

Industry: Telecom equipment, Networking equipment, Consumer electronics

Webpage: https://www.huawei.com/en/

Number of employees: 320,000

Huawei Technologies Co. Ltd. is a multinational networking and telecommunications equipment company based out of China. The company is headquartered in Shenzhen, Guangdong. Huawei is the largest telecommunications equipment manufacturer in the world.

The company was founded in 1987 by Ren Zhengfei, an ex-military officer. It was formed as a private company. The main mission of the company was to supply consulting and operations services to most of the enterprises in China and also outside the country. Huawei has around 140,000 workers operating. 46% of the staffs are concerned with research and development.

The R&D of the company unfolds across several countries like Great Britain, Pakistan, Canada, Turkey, Ireland, Sweden, Russia, etc. The merchandise and services of the company are deployed in around 140 countries everywhere in the world. Huawei was initially started as a sales agent wherever they used to manufacture private branch exchange switches.

After a few years, the company got a research center of its own and commenced doing research and development. The discovered got an initial breakthrough by launching its C&C08 digital telephone switch. The company got its 1st international project in 1997. It then started providing mounted line network merchandise to a corporation in Hong Kong.

In 1999, Huawei opened its 1st R&D center in India. The company conjointly entered into a five-year contract with IBM until 2003. Huawei continued to expand into international markets. It’s the first company to deliver LTE/EPC business network for Telia Sonera in Norway in the year 2009.

In 2013, the company opened its new workplace in Canada. Over the years, Huawei perpetually targeted on enhancing its mobile technology and features a range of partnerships with different corporations. It also shaped a venture, 3Com-Huawei and targeted on R&D and production of the networking merchandise.

Huawei is a collective company currently and not in privately owned any longer. By the year 2010, 80% of the top 50 telecom corporations worked with Huawei. A number of distinguished partners include Motorola, Vodafone, Talk Talk, T-mobile, Clear wire, Bell Canada, etc.

Huawei features a contract with UK’s biggest company in telecommunication, Everything Everywhere. The contract was to reinforce the 2G network services. It’s the company’s 1st network contend with the UK.

There are around three core business units in the company, Telecom Carrier Networks, Enterprise Business, and Devices or manufacturing communication devices. The enterprise business unit of the company started in the year 2011. There are varieties of network technologies provided by Huawei for telecommunication operators.

The company offers mobile and fixed soft switches moreover. The device division of the company provides white label merchandise. The merchandise includes embedded modules, USB modems, wireless gateways, etc.

Huawei is the largest telecommunication equipment maker in the world. It’s also the most important telephone network instrumentality maker in China. Huawei holds an unvanquished 1st position in soft switches market.

As a responsible corporate citizen, Huawei has created a big contribution to bridging the digital divide, effort our mark in places asremote as Mount Everest and the Arctic Circle. We are keenly aware of the importance of telecommunications emergency response solutions. Having faced Ebola-affected areas in West Africa, nuclear contamination after the Japanese tsunami, and therefore the huge earthquake that affected the state, China, Huawei holds first in disaster zones to assist restore communications networks and make sure the reliable operation of essential telecommunication equipment.

To promote sustainability, Huawei tend to facilitate develop consequent generation of ICT talent with Global Seeds for the long run program, during which we tend to provide faculty students from 96 totally different countries and regions around the globe the chance to go to Huawei’s headquarters, bear coaching, and gain first-hand expertise within the ICT trade.

Inspiring dedication is one among Huawei’s core values, and it manifests itself in many ways. Huawei assesses workers and selects managers supported their performance results, moreover because of the extent of their responsibilities. Huawei offers the worldwide development platform, giving young team members the chance to shoulder bigger responsibilities and accelerate career growth. During this approach, the company enabled hundreds of thousands of Huawei individuals to yield ample returns for his or her individual efforts and gain unforgettable life expertise.