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Huawei Launches New Phone in Shenzhen China

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“HUAWEI LAUNCHES THE NEW MATE XT 2IN SHENZHEN CHINA”

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Huawei spent $23.8B on R&D in 2023 — 23% of its total revenue!

Blocked from US chips by 2020 sanctions, Huawei poured billions into its HiSilicon division to develop Kirin processors in-house. That R&D-to-revenue ratio rivals top global firms like Alphabet and Samsung.

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