Chinese ICT giant Huawei is looking to scale its UK operations – and Cambridge is understood to be high on the company’s agenda.
Huawei has significantly grown its operations at Cambridge Science Park since entering the cluster through the 2014 acquisition of IoT pioneer Neul.
The deal, at a modest $25 million, was negotiated by seasoned entrepreneur Stan Boland after Neul had worked with Huawei for nine months on narrow band cellular IoT.
Huawei said the move would provide a springboard for a massive push in the Internet of Things arena and its growth in Cambridge has evidenced that intention.
Now the company, which told the UK government it had multibillion dollar investment plans for its UK IoT agenda, is looking to expand again. Huawei has other East of England operations – at Adastral Park in Ipswich – but the smart money is on Cambridge getting the nod for a flagship UK HQ.
Cambridge Science Park would appear to be in pole position.
With Korean business Samsung setting up an Artificial Intelligence hub in Station Road, Cambridge’s cachet as a growth platform for global technology heavyweights shows no sign of abating.
I am also told that Darktrace, PwC and Mewburn Ellis will soon have some powerful new company at the soon-to-be opened Wilkes Building at St John’s Innovation Park. That trio has taken the lion’s share of space at the building, which at the time of writing was on course for completion by the end of June.
I understand that one of Cambridge’s most innovative internationally renowned tech companies is set to join them along with a spin-out business from the world-leading Cambridge online games development cluster. Legal details are being finalised but expect announcements imminently.
• PHOTOGRAPH: The Wilkes Building at St John’s Innovation Park, Cambridge
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