Tech company Huawei has been ranked second place out of 2,500 measured companies in the 2021 European Union (EU) Industrial R&D Investment Scoreboard.

The company moved one place higher this year, having placed third in 2020.

“Huawei is now ranked as the 2nd highest private sector investor in research and the development in the world. The European Commission Industrial R&D Investment Scoreboard 2021 is recognized as one of the most authoritative global studies into private sector investment in research and development. International collaboration in the areas of research and science is very important so as to guarantee that the most innovative products and services are developed” said Tony Jin, Huawei’s Chief Representative to the EU Institutions.

The 2021 EU Industrial R&D Investment Scoreboard is a European Commission publication. It ranks the research investment levels of 2,500 companies around the world that comprise 90% of the world’s business-funded R&D. The report was prepared by the EU Joint Research Centre (JRC).

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, Huawei employs over 2 400 researchers in 23 research centers across Europe. 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.