Chinese telecom giant Huawei has pledged to invest $2 billion (£1.3 billion) in the U.K. economy, in an apparent bid for goodwill as the U.S. Congress opens a probe of the company's relationship with the Chinese government. (See the embedded press release below.)
Huawei will plow $1 billion (£650m) into its U.K. research and development efforts. It said that will generate more than 700 jobs in the country, and pledged to spend a further $1 billion on U.K. procurement over the next five years.
The telecom giant, which already employs 800 … Read more