26 June 2020 12:58 am
LONDON AFP June25, 2020- Chinese telecoms giant Huawei, controversially involved in Britain’s 5G network, announced Thursday that it had received UK permission to build a research and developement centre in Cambridge, eastern England.
It will invest 1.0 billion ($1.2 billion, 1.1 billion euros) under a first phase to build the global headquarters for its business dealing with optoelectronics -- “a key technology used in fibre optic communication systems”, it said.
“The UK is home to a vibrant and open market, as well as some of the best talent the world has to offer,” Victor Zhang, vice president of Huawei, said in a statement announcing the project in Cambridge, which is world-renowned for its university.
“It’s the perfect location for this integrated innovation campus.” Zhang added: “Ultimately, we want to help enshrine the UK’s leading position in optoelectronics and promote UK tech on a global scale.” Huawei said the first phase would create around 400 local jobs.