Innovation has key role in breaking tech barriers

Huawei Technologies Co is seeking to steer innovation by investing $300 million annually to fund academic research in basic science and technologies.

This is part of the Chinese company's broad effort to move beyond current technological limits to seek cutting-edge technologies for the next five to 10 years.

Xu Wenwei, director of the board at Huawei and president of the company's newly established Institute of Strategic Research, said: "Huawei will work with universities and research institutes to drive innovation in theories and basic technologies, and light the way for the industry and the world at large."