Huawei to set up R&D center in Budapest
Photo by Pixeljoy / Shutterstock.com
Chinese telecommunications giant Huawei will set up a research and development center in Budapest, Minister of Foreign Affairs and Trade Péter Szijjártó said on Tuesday, according to a report by state news wire MTI.
Photo by Pixeljoy/Shutterstock.com
The investment, which will create jobs for at least 100 Hungarian engineers, is Huaweiʼs third in Hungary, Szijjártó said.
Szijjártó said the new R&D center will focus on artificial intelligence, streaming, image processing, and signaling technologies, as well as extremely large distribution systems.
Huawei Technologies Hungary executive manager Cai Lingyu said the company had invested USD 1.5 billion in Hungary since 2005 and it has nearly 2,400 employees now.
Huawei has considered Hungary a key location for the past 15 years because it provides a balanced and open business environment for the company, he said. He added that the company is committed to Hungary and plans to expand its activities in the future, among other things, in the field of university collaborations and adult education.
Huawei Technologies Hungary had revenue of HUF 77 bln in 2019.
Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...
Hungary to Address Future of Cohesion Policy During EU Presi...
2/3 of Hungarians Have Basic Expectation of Home Office
Time Out Market to Open in Budapest Next Year
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
