Friday, October 31, 2014

Huawei Plans Big Investment in Canadian R&D

Huawei announced plans to invest $210 million over the next 5 years to expand its R&D and business operations in the Province of Ontario. The new investments are expected to create 325 new jobs over the next 5 years, including most engineers and researchers.  In total, when combined with existing research, development and operational plans, Huawei's total investment in Ontario over the next 5 years will be $500m.

The announcement was made in conjunction with a visit by the Premier of Ontario, the Hon. Kathleen Wynne, and delegates on her China trade mission, at Huawei's R&D Centre in Beijing.

Huawei currently employs approximately 550 people in Canada, of whom over 95% are based in the Province of Ontario.

"I am pleased that Huawei is expanding its operations in Ontario" said Premier Wynne.  "This investment will create a significant number of jobs and reinforces Ontario's position as a global leader in ICT and telecommunications.  My government is fostering a dynamic business climate to attract even more investments from Huawei and other leading companies around the world."

"Today's announcement reinforces Huawei's commitment to Canada and to the Province of Ontario," said Sean Yang, President of Huawei Canada.  "Canada and Ontario have a legacy of leadership in ICT and telecommunications.  Since 2010, Huawei's Canada Research Centre has established itself as one of the global leaders in advanced communications technologies, including 5G.  The success of this facility has reinforced to Huawei the value of Ontario's talented workforce, and network of universities in Ontario and across Canada, that can support innovative research."

http://www.huawei.com

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