• Most Popular
  • Most Shared

TIMELINE-The meteoric rise of China's Huawei

Wed Jul 1, 2009 3:14am EDT

Stocks

   

For a related story, click [ID:SP509916]

Stocks  |  China  |  Indonesia

BEIJING, July 1 (Reuters) - In just over two decades Huawei Technologies [HWT.UL] has become the world's third largest maker of mobile telecommunications gear, but its rapid rise has also been dotted with controversy and missteps.

Here is a chronology of key events in Huawei's history:

1982 - Ren Zhengfei retires as an officer in the People's Liberation Army, where he helped build its communications network

1988 - Ren founds Huawei as distributor of imported PBX products

1993 - Introduces its first major product, a digital telephone switch with large capacity of over 10,000 circuits

1996 - Wins first big overseas contract for fixed-line network products from Hong Kong's Hutchison-Whampoa

2003 - Forms joint venture with 3Com to build Internet protocol-based routers and switches

-- Cisco Systems (CSCO.O) sues for copyright violations, but eventually drops suit after Huawei agrees to stop selling some products and alter others

2004 - Overseas sales surpass domestic sales for first time

2007 - State media says Huawei gives $146 million to 7,000 employees to quit and then rehired them to skirt the higher costs of a new labour contract law

-- Plan to buy 3Com with partner Bain Capital fails on U.S. government concerns

2009 - Named world's top patent seeker, becoming the first Chinese company to head the United Nations World Intellectual Property Organisation (WIPO) list.

-- Suspends employee suspected of trying to steal data from Indonesian mobile firm Excelcomindo

-- 2008 contract orders rose 46 percent to $23.3 billion -- 75 percent of which came from overseas -- and expects orders to reach $30 billion this year.

-- Overtakes Alcatel-Lucent (ALUA.PA) to become world's No. 3 mobile network gear maker, doubling its market share from a year ago, according to researcher Dell'Oro ($ = 6.83 yuan) (Reporting by Kirby Chien; Editing by Anshuman Daga)



More from Reuters

Photo

No deal on CO2 cuts as climate talks enter final day

COPENHAGEN (Reuters) - U.S. President Barack Obama joined other world leaders in a last push for a new global climate deal on Friday, but with no agreement on the core issue of greenhouse gas emissions they faced an enormous task. | Video

Pedestrians are reflected in a Citigroup window in Boston, Massachusetts. REUTERS/Brian Snyder

Citi's next challenge

Citigroup's plan to extract itself from the government's clutches didn't go as planned. For the bank to succeed, one of two things need to happen.  Full Article 

Aerospace Industries Association President and CEO Marion Blakey makes remarks during the Reuters Aerospace and Defense Summit, December 16, 2009 in Washington.REUTERS/Mike Theiler

"We're not asking for a bailout"

If the U.S. is serious about creating jobs it should invest in aviation programs, says the chief of the Aerospace Industries Association. Just don't call it a bailout.  Full Article