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OverviewHuawei Technologies Co., Ltd. is a Chinese multinational technology corporation headquartered in Shenzhen, Guangdong, China. It designs, develops and sells telecommunications equipment, consumer electronics and various smart devices. Huawei was ranked the second-largest R&D investor in the world by the EU Joint Research Centre (JRC) in its 2021 EU Industrial R&D Investment Scoreboard and ranked fifth in the world in US patents according to a report by Fairview Research’s IFI Claims Patent Services. The corporation was founded in 1987 by Ren Zhengfei, a former Deputy Regimental Head 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 annual revenue of US$108.5 billion. In July 2020, Huawei surpassed Samsung and Apple in the number of phones shipped worldwide 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.