Huawei is aggressively recruiting engineers around the world, matching and bettering other company’s salary offers in networks, AI, machine learning, and even some basic research. It is adding 10,000 new recruits in China.

Overall, it is increasing employment from 180,000 to 204,000. It hasn’t cut and may be increasing the research budget of US$15 billion. It continues to distribute US$100’s of millions to universities.

Chinese press reports about Ren’s comments on Huawei sales and profits are unclear. C114 reports an estimate of profits similar to the eight billion in 2018.

If the drop in phone sales in Europe is reduced, the profits may be significantly higher.