Chinese telecommunications giant "Huawei" has recently been revealed to have abandoned plans to build a £1 billion (approximately NT$36.5 billion) research park in Cambridge, England.

(Schematic, Reuters)

[Financial Channel/Comprehensive Report] It was revealed recently that the major Chinese telecommunications company "Huawei" has given up its plan to build a £1 billion (about NT$36.5 billion) research park in Cambridge, England. focus on.

In response, Huawei also responded, saying that the company's review of the Cambridge campus is "in progress."

According to comprehensive media reports, Huawei originally planned to build high-end facilities for the development of ultra-wideband (uwb), microchips and artificial intelligence software on a 500-acre land in Cambridge, England, and it is estimated that the first phase of the park will be completed in 2021 building.

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However, since the outbreak of the epidemic, the progress of the above-mentioned development plan has been shown in the "assessment" status, and has not yet broken ground.

The report pointed out that the license for Huawei's Cambridge campus development plan will expire in more than five months, which means that Huawei must break ground before August this year, otherwise it may lose the license.

In response to the above reports, Huawei also responded, saying that the company's review of the Cambridge campus is "in progress." Huawei declined to comment on whether construction of the Cambridge campus will start in the next five months.

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