Huawei produces the most preferred phones in the world with its high-tech smart devices. Founded by the Chinese entrepreneur and engineer Ren Zhengfei in the 1980s, the company has been drawing attention with its groundbreaking work on smart devices for more than 30 years, even though it first produced telephone switchboards to ensure national security. We have listed some interesting little-known facts about Huawei. Here are 15 interesting facts about Huawei, the world's second largest smartphone manufacturer!
1. Huawei technology firm was founded in 1987 by Ren Zhengfei in Shenzhen, China.
2. Ren Zhengfei founded Huawei at the age of 42. Setting an example to the youth with his perseverance and determination, Ren had previously served in the army.
3. Huawei is derived from the combination of the words "Hua" meaning China and "wei" meaning success. The name of the company Huawei means "Chinese success" in Chinese.
4. Huawei was founded in a small fishing village in the 1980s. The firm started its first project with a capital of $3,500.
5. Huawei was established to manufacture telecommunications equipment for China and the People's Liberation Army. Company founder Ren Zhengfei aimed to switch to domestic production instead of providing the country's communication network by foreign countries.
6. Huawei has become the world's second largest smartphone manufacturer, overtaking Apple. Samsung ranks first as the largest smartphone manufacturer.
7. Huawei appoints an interim CEO to stay creative and always act with fresh ideas. New CEOs are recruited to work every 6 months within the company.
8. Huawei has invested more than $60 billion in R&D in the last 10 years. In accordance with the company policy, it is very important to produce new and high-end technology products at all times.
9. Huawei shares all its earnings to make its employees more meaningful. All profits of the company, in which even the owner of the company owns 1%, is shared among 96,768 Huawei employees.
10. Huawei has its own university at its headquarters in Shenzhen. Providing qualified IT services to students for a better technology production, the company offers all students a career opportunity in Huawei.
11. Huawei managed to enter the "World's Best Brands" list in 2014. Huawei is the first company among Chinese companies to be deemed worthy of this award.
12. Huawei has been the world's largest supplier of telecommunications equipment since 1987.
13. Huawei increases its turnover by 30% every year. The company is ranked 61st on the Fortune Global 500 list, with earnings of over $56 billion in the first half of 2019.
14. Huawei employs 180,000 people in more than 170 countries. There are numerous sales centers and management offices in Europe, Asia and Africa, especially in China.
15. More than 3 billion of the world's population use Huawei products and services to make calls, send text messages, and browse the internet.