5 Largest R&D Companies in the World

3. Huawei Technologies Co., Ltd.

R&D spending in FY2022: $23.2 billion

Huawei is a Chinese multinational technology company that provides ICT infrastructure, consumer devices, cloud computing, digital power, and intelligent automotive solutions. The company invested CNY161.5 billion (about $23.2 billion) in R&D in 2022, which represents 25.1% of its total revenue. This is among the highest R&D spending in Huawei’s history and reflects its commitment to innovation and sustainable survival. Huawei’s R&D expenditure over the past 10 years has exceeded CNY977.3 billion (about $140.6 billion).