Huawei is one of a handful of companies in the world that spends more than $20B USD on R&D per year, which just happens to be approximately ~20% of their revenu

Huawei is one of a handful of companies in the world that spends more than $20B USD on R&D per year, which just happens to be approximately ~20% of their revenue.[1] I know the $1.5B from CHIPS is effectively a kickstarter of sorts, but the sheer size of the R&D budget of the baseline should be kept in mind to understand how much further US private industry needs to catch-up, let alone overtake. [1] https://www.bloomberg.com/news/articles/2022-04-25/huawei-rivals-apple-meta-with-r-d-spending-to-beat-sanctions https://www.bloomberg.com/news/articles/2022-04-25/huawei-ri...