ADVERTISEMENT
Huawei Seeks to Raise Investment in Foreign Universities: FT
Huawei Seeks to Raise Investment in Foreign Universities: FT
25 Mar 2019, 11:44 AM IST
(Bloomberg) -- Huawei plans to increase investment in foreign universities even as U.S. lawmakers urge institutions to cut ties with the Chinese telecommunications company, FT reports, citing board director William Xu.
(Bloomberg) -- Huawei plans to increase investment in foreign universities even as U.S. lawmakers urge institutions to cut ties with the Chinese telecommunications company, FT reports, citing board director William Xu.
- Huawei spends more than $300m a year on university funding and partnerships
- Xu: "Our collaborations with universities, especially in basic research not only will not stop but will increase"
- More than 80% of Huawei's investment in U.S. universities is categorized as "gift money" or "funding money" with no conditions attached, Xu said
To contact the reporter on this story: Lee Spears in New York at lspears3@bloomberg.net
To contact the editor responsible for this story: Lauren Berry at lberry4@bloomberg.net
©2019 Bloomberg L.P.
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT