Huawei to invest $200m in new UK R&D facility

Center to have more than 300 researchers

Chinese telecom giant Huawei Technologies Co Ltd said it will invest $200 million to construct a new research and development center in the United Kingdom, according to Ren Zhengfei, the company's founder and chief executive officer.

In a company news release, Huawei made a rare move to disclose its founder's daily activities. The company said Ren met UK Chancellor of the Exchequer George Osborne, who paid a visit to Huawei's Shenzhen headquarters on Wednesday.