Huawei has just received approval earlier this week to build its new research facility in the UK. The news arrives amid future seems rocky and uncertain in the region, as increased pressures have brought its 5G networking equipment under scrutiny as well.
The $1.25 billion research facility in question will be built in Cambridge and will be the international headquarters of Huawei’s fiber optic communication business. This new firm is said to create 400 new jobs in the region according to Huawei. However, this sizeable investment arrives at the time where its future in the country is quite uncertain.
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While Huawei had received the green light on developing 5G networking in the region, it had its market share capped and confined to non-core areas. Although, scrutiny raised in the parliament has led to the current Prime Minister announcing a complete phasing out of Huawei telecom equipment by 2023. This fact coupled with increasing pressure from the US government has also made its efforts of expansion in the region and Europe as a whole more difficult.
The new facility that is being built will bring hundreds of new job opportunities which acts as a boon to the UK’s economy that has been hit hard by the Coronavirus pandemic. The country is suffering from unemployment issues, with pressures increasing due to millions that are availing the government benefits. According to Huawei Vice President Victor Zhang, the new facility has been built “to help enshrine the UK’s leading position in optoelectronics and promote UK tech on a global scale.”
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(Via)
