China's Huawei's 2021 R&D Spend Beat America's Big Tech - Read by How Much - Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN)

Chinese tech giant Huawei Technologies Co almost doubled its R&D budget over the past half-decade to $22.1 billion in 2021, Bloomberg reports.
The R&D budget was equivalent to 22.4% of Huawei's sales in 2021, nearly double Amazon.com Inc's AMZN and Google-owner Alphabet Inc's GOOG GOOGL proportions and more than triple iPhone-maker Apple Inc's AAPL.
Only Meta Platforms Inc FB came close among the so-called Faang contingent with 20.9%, according to Bloomberg.
Huawei was one of just six global companies to spend over $20 billion on R&D in 2021, doubling its budget from five years earlier, rivaling Microsoft Corp MSFT, Apple and Meta. Meta quadrupled its spending while Amazon more than tripled its R&D budget.
Huawei won 2,770 U.S. patents in 2021, putting it at No. 5 behind International Business Machines Corporation IBM.
Huawei's supervisory board Chair Guo Ping said, "Huawei cannot acquire advanced technologies, we have to increase investment in technology development."
That growing war chest highlights Huawei's effort to develop chips, networking gear, and even smartphones since Washington indicted Huawei of jeopardizing U.S. national security.
The U.S. sanctions wiped out nearly a third of the company's revenue in 2021.
Huawei raised capital by selling off assets and relying on its industry-leading IP portfolio.

China's Huawei's 2021 R&D Spend Beat America's Big Tech - Read by How Much