Huawei released its 2013 procurement amount from Europe at the World Economic Forum in Davos, Switzerland. Huawei also re-emphasized its commitment to continuously pursue mutually-beneficial cooperation with Europe.
"Our core business principle in Europe is to achieve mutual benefits and win-win outcomes," said Ken Hu, Huawei's Deputy Chairman and Rotating CEO, at World Economic Forum Annual Meeting 2014 in Davos. "Europe benefits from a deep-rooted history of culture, management, and technology expertise as well as a great tradition for innovation. Huawei regards Europe as a key competency center. By localizing our operations and collaborating extensively with European partners, we have improved our overall capabilities. At the same time, our global value chain enabled the capability transfer from Europe to other parts of the world, which generated even greater value from these capabilities. In this process, we have also created a large number of job opportunities for Europe and helped move the industry forward."
In 2013, Huawei procured US$3.4 billion worth of components, engineering services, and logistical services from Europe. The procurement amount is expected to keep growing in the future.