China-based Huawei announced $303-million in investment to its Ontario operations over the next two years, intending to add as many as 250 research and development workers. The company currently employs 600 people in Canada, and the announcement is expected to have a big impact on its Ottawa location, which houses its research and development lab as well as more than half of its staff in the country. The new round of investment will focus on further developing 5G cellular technologies, which will eventually replace today's high speed (LTE or 4G) cellular technologies. "Ontario has a vibrant innovation ecosystem that we've been proud to be part of for the past six years, so we're incredibly excited about expanding our research and development facilities in the province," said Ken Hu, chief executive officer of Huawei. '"Our Canadian research team is helping to drive pioneering projects around the world, and this accelerated investment in the province of Ontario reflects our confidence." The province of Ontario is also investing $16-million into the project through its 10-year, $2.5-billion Jobs and Prosperity Fund.
Click here for full article.