Huawei to raise IT infra investments tenfold to USD 10 bln

Tuesday 16 September 2014 | 11:56 CET | News
Huawei plans to increase its revenue from its IT infrastructure business (computer servers, storage and data center management) tenfold to USD 10 billion in five years, Huawei's acting chief executive, Eric Xu, said in an interview with The Wall Street Journal. "We will heavily invest in this area," said Xu. Huawei will invest around USD 600 million in 2014 in its IT products and services business, and plans to spend more in 2015 as the business continues to develop, Xu added, declining to disclose the exact amount.

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Categories: IT
Companies: Huawei China
Countries: World
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