SHANGHAI, China – Huawei's investment in its Canadian Research Centre in Kanata, ON has already surpassed the initial five year commitments made by the company in 2010.
Huawei made the announcement Monday, in conjunction with a visit by Ottawa Mayor Jim Watson and delegates from the City of Ottawa's trade mission to China.
Supported by a $6.5M Strategic Jobs and Infrastructure grant from the Province of Ontario, Huawei committed to invest $67.5M and create 157 new jobs in the facility by the end of 2015. In just three years, Huawei says that it has already exceeded the committed monetary investment in R&D, and it is expected to achieve job commitments made by mid-2014. To date, the facility has created more than 125 new leading-edge engineering jobs, and has become the global hub for Huawei's research efforts in advanced 5G technology.
"We are pleased to announce today that since officially opening Huawei's Canada Research Centre in 2010, Huawei has directly invested over $80m in research and development in the facility," said Huawei Canada president Sean Yang, in the announcement. "This continued investment in the Canada Research Centre reinforces our belief that Canada and the Ottawa Region remain one of the strongest markets in the world for innovative technology development."
"We are very pleased that Huawei continues to invest and expand their research operations in Ottawa," added Mayor Watson. "As we complete our trade mission, Huawei stands as a shining example for other Chinese companies as to the skilled technology workforce that exists in our region, and the benefits that can come by investing in Ottawa."
