Huawei seeks to raise investment in foreign universities: Financial Times

More than 80 per cent of Huawei's investment in US universities is said to be categorised as "gift money" or "funding money" with no conditions attached.
More than 80 per cent of Huawei's investment in US universities is said to be categorised as "gift money" or "funding money" with no conditions attached.PHOTO: REUTERS

NEW YORK (BLOOMBERG) - Huawei plans to increase investment in foreign universities even as United States lawmakers urge institutions to cut ties with the Chinese telecommunications company, the Financial Times reported, citing board director William Xu.

Huawei spends more than US$300 million (S$405 million) a year on university funding and partnerships. Mr Xu said: "Our collaborations with universities, especially in basic research not only will not stop but will increase."

More than 80 per cent of Huawei's investment in US universities is categorised as "gift money" or "funding money" with no conditions attached, Mr Xu said.