ISLAMABAD, (Parliament Times) :The European Commission has published the 2020 EU Industrial R&D Investment Scoreboard, ranking the research investment levels of 2,500 companies around the world, comprising 90% of all the world’s business-funded R&D in 2019.
In the ranking of 2,500 worldwide largest R&D investors, the US comes first with 775 companies (€348 billion), followed by 421 EU-based companies (€189 billion) and China 536 companies (€119 billion). The 421 EU-based companies employ more than 16.8 million people, an increase of 0.2% over the previous year. The continued increase of the number of Chinese companies in the Scoreboard and the exit of UK companies from the EU figures weakens the EU representation among the top corporate R&D Investors, pointing to strategic specializations and gaps in industrial R&D capacities.
Huawei ranks third in the 2020 EU Industrial R&D Investment Scoreboard. This is a jump of two places for Huawei compared to last year when the company ranked 5th in the 2019 EU Industrial R&D Investment Scoreboard.
“The EU confirms that Huawei is now among the top three innovative global companies. To maintain the European way of life for its future generations, Europe will need to use the best technologies and innovations. Huawei stands ready to team up with Europe for a joint bright future,” said Abraham Liu, Huawei’s Chief Representative to the EU Institutions.
Much of the global research that Huawei carries out takes place in Europe. Huawei set up its first research centre in Sweden in the year 2000. Today, through a series of partnerships with over 150 European universities, Huawei is deeply embedded within the ICT research ecosystem in Europe. Through this collaborative research activity, Huawei makes Europe fit for the digital age.
Huawei believes that international research collaboration strengthens EU competitiveness and contributes to climate change mitigation, thus strategically supporting the European Green Deal.
