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OverviewHUAWEI Technologies Co., Ltd.is a Chinese multinational technology company headquartered in Shenzhen, Guangdong. It designs, develops, and sells telecommunications equipment and consumer electronics. The company was founded in 1987 by Ren Zhengfei, a former Deputy Regimental Chief in the People's Liberation Army. Initially focused on manufacturing phone switches, HUAWEI has expanded its business to include building telecommunications networks, providing operational and consulting services and equipment to enterprises inside and outside of China, and manufacturing communications devices for the consumer market. HUAWEI has over 194,000 employees as of December 2019. HUAWEI has deployed its products and services in more than 170 countries and areas. It overtook Ericsson in 2012 as the largest telecommunications equipment manufacturer in the world, and overtook Apple in 2018 as the second-largest manufacturer of smartphones in the world, behind Samsung Electronics. In 2018, HUAWEI reported that its annual revenue was US$108.5 billion. In July 2020, HUAWEI surpassed Samsung and Apple to become the top smartphone brand (in number of phones shipped) in the world for the first time. This was primarily due to a drop in Samsung's global sales in the second quarter of 2020, owing to the impact of the COVID-19 pandemic. HUAWEI also won a key contract to build the first national telecommunications network for the People's Liberation Army, a deal one employee described as "small in terms of our overall business, but large in terms of our relationships". In 1994, founder Ren Zhengfei had a meeting with Party general secretary Jiang Zemin, telling him that "switching equipment technology was related to national security, and that a nation that did not have its own switching equipment was like one that lacked its own military." Jiang reportedly agreed with this assessment.