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China's Huawei remains committed to Britain despite election result
June 13, 2017 / 2:05 PM / 6 months ago

China's Huawei remains committed to Britain despite election result

LONDON (Reuters) - Chinese telecoms company Huawei’s enthusiasm for Britain as a place to do research and business despite Brexit is unaffected by the country’s inconclusive national election, it said on Tuesday.

People walk past a sign board of Huawei at CES (Consumer Electronics Show) Asia 2016 in Shanghai, China May 12, 2016. REUTERS/Aly Song/File Photo

The loss of Prime Minister Theresa May’s majority in last week’s election has increased political uncertainty ahead of negotiations on Britain’s exit from the European Union, but Huawei’s deputy chairman and rotating chief executive said the company remained committed to the UK.

“We haven’t changed our strategies in the UK because of the change in UK administration,” Huawei’s Ken Hu told reporters via an interpreter at the company’s European Innovation Day in London. “We have enhanced our investment in the UK all along.”

Hu, who signed an agreement on Tuesday to set up a joint research laboratory at Edinburgh University, said Britain was an important research centre for Huawei’s European and global operations.

“We have good confidence in the UK as a good destination for investment,” he said.

Huawei, which makes telecoms networking equipment and handsets, has been active in Britain for 16 years and last year reported net profit of a little more than $5 billion.

Reporting by Paul Sandle; Editing by David Goodman

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