Asia-Nikkei news reported (July 27) that top Chinese telecommunications equipment maker Huawei Technologies is offering salaries of up to 2 million yuan ($291,000) per year to new graduates with advanced degrees, to bolster in-house research and development in the face of U.S. sanctions. In an internal memo, Huawei revealed it had hired eight graduates with doctorates in such fields as artificial intelligence and robotics this year, paying salaries of between 900,000 yuan and 2.01 million yuan. Huawei aims to hire up to 30 such talented young employees this year, with the target surging to around 300 in 2020. Huawei CEO and founder Ren Zhengfei told a meeting of Huawei executives in June: "We are recruiting young geniuses from around the world" who can "revitalize our organization." The Chinese media said this is on par with what a major technology company might pay a vice president. Well-educated graduates with specialized skills can help accelerate research and development of chips, software and other technology that Huawei plans to move in-house, as a U.S. ban on doing business with the company cuts off key links in its supply chain.
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