The Asian giant reaffirms its position as a key player for Europe’s GDP and announces the creation of a cloud center in Dublin (Ireland), the first of the Chinese company in Europe
Huawei contributed 13.2 billion euros to the European economy, despite threats of a veto in the EU and the impact on its activity of the restrictions imposed by the United States. The Asian technology giant has released data on its economic contribution in Europe during the third stop of the Huawei Connect 2022 world tour, which was held on October 17 and 18 in Paris. Under the slogan “Unleash Digital”, the Chinese giant has summoned the leaders of the technology industry in the French capital, where it has defended its commitment to the evolution of 5G, which it calls the “5.5G era”., a boost to the ‘fifth generation’ technology taking advantage of virtues such as the capacity of 10 Gps, its lower latency, millions of connections and greater sustainability.
Key actor for him GDP of Europe
Dr. Basalisco, director of Copenhagen Economics, shared the main conclusions of the study on the economic impact of the company in Europe, published on October 17. According to the report, Huawei contributed 13.2 billion euros to Europe’s GDP, a year still marked by the impact of the pandemic. Broken down, the direct economic impact of the company was 2,100 million euros , the indirect contribution was 4,400 million and the induced contribution was 5,700 million.
That year alone, the Chinese telecoms giant brought in €5.2bn in tax revenue, enough to pay the salaries of more than 147,000 teachers, and created 143,800 jobs in 2021 . Huawei is also one of the world’s leading R&D investors. On a global scale, the Asian company invested €18.7 billion in R&D in 2021. Huawei’s 27 R&D facilities across Europe, led by Huawei European Research Institute (ERI) in 2021, participated in this research investment process. Belgium that manages research centers in 13 countries . The company is a global leader in technology patents and in 2021 filed 3,500 patent applications.
The study demonstrates Huawei’s economic contribution to Europe in 2021, which is significant in added value, supported jobs, and European tax revenue. However, the figures are lower than those recorded before the pandemic, in 2019, when the contribution to European GDP was around 16.4 billion euros, the contribution in taxes was 6.6 billion and the company generated 224,300 jobs , according to the study by economic impact of the company prepared by Oxford Economics. On the other hand, despite the impact of the health crisis, the company did not stop its investment in R&D. On the contrary, it increased its investments, going from 17.3 billion in 2019, to 17.6 billion in 2020 and to 18.7 billion in 2021.
Its first cloud center in Europe will be in Ireland
Along with the data from the report, another of the Asian giant’s big announcements at Huawei Connect 2022 was the creation of a cloud center in Dublin (Ireland), the Chinese company’s first in Europe, which will provide support to customers all over the world. the continent. The center, which involves an investment of 150 million euros, will create 60 new jobs in the next two years and 200 by 2027.
During the third stop of the Huawei Connect 2022 world tour, Huawei also unveiled some of its major technological innovations, including an oil and gas pipeline monitoring solution capable of detecting and alerting on potential failures. The device sounds an alarm when buried optical fibers running along oil and gas pipeline networks are interfered with. On the other hand, the Pangu drug molecule model, which is capable of rapidly generating new drug molecules , also stood out among its innovations .
