Huawei Ranked Top 10 in BCG's Most Innovative Companies of 2021

PLANO, Texas, April 26, 2021 /PRNewswire/ -- Huawei has been recognized as one of the Most Innovative Companies of 2021 by the Boston Consulting Group (BCG). The annual report, titled, "Overcoming the Innovation Readiness Gap," recognizes that innovation drives value, but only when organizations are ready to place it at the center of their strategy. After one year into the COVID-19 pandemic, which accelerated digital transformation and further highlighted the importance of innovation, the report identifies the top global innovators who were ready to scale innovation this year. Huawei is ranked eighth on the top 50 list.

Through turbulent times, Huawei remains resilient and committed to the power of digital technology to provide fresh solutions for the increasingly complex global challenges ahead. Earlier this month at the Huawei Global Analyst Summit (HAS), the company's Rotating Chairman shared five strategic initiatives reflective of this including:

• Huawei will optimize its portfolio to boost business resilience. As part of these efforts, Huawei will strengthen its software capabilities and invest more in businesses that are less reliant on advanced process techniques, as well as in components for intelligent vehicles.
• The company will maximize 5G value and define 5.5G with industry peers to drive the evolution of mobile communications.
• Huawei provides a seamless, user-centric, and intelligent experience across all user scenarios.
• The company will innovate to reduce energy consumption for a low-carbon world.
• Huawei will address supply continuity challenges.

Since the beginning of the company, Huawei has been investing at least 10% of its revenue each year into R&D, with a $22 billion investment in 2020 alone. Further, more than half of Huawei's employees are dedicated to R&D. As one of the world's largest patent holders with over 100,000 active patents, Huawei is focused on innovation across emerging domains, such as cloud computing, 5G, artificial intelligence and the Internet of Things. Huawei was first included on BCG's most innovative companies list in 2012 and has returned to the list seven times since then. In 2020, Huawei saw the largest jump in its ranking compared to the other innovative companies, rising from 48^th to sixth.

For more information and to view BCG's Most Innovative Companies of 2021 overview, visit: https://www.bcg.com/en-us/publications/2021/most-innovative-companies-overview

About Huawei
Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. With integrated solutions across four key domains – telecom networks, IT, smart devices, and cloud services – we are committed to bringing digital to every person, home and organization for a fully connected, intelligent world.

Huawei's end-to-end portfolio of products, solutions and services are both competitive and secure. Through open collaboration with ecosystem partners, we create lasting value for our customers, working to empower people, enrich home life, and inspire innovation in organizations of all shapes and sizes.

At Huawei, innovation focuses on customer needs. We invest heavily in basic research, concentrating on technological breakthroughs that drive the world forward. We have more than 188,000 employees, and we operate in more than 170 countries and regions. Founded in 1987, Huawei is a private company fully owned by its employees.

For more information, please visit Huawei online at www.huawei.com or follow us on:
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Contact: Kimberlee Bradshaw Archibald /  [email protected] 

SOURCE Huawei Technologies USA

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