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China tech

Huawei dangles $300,000 starting pay to draw 'young geniuses'

Executive-level salaries for new engineers aims to accelerate R&D drive

Huawei Technologies looks to develop its own chips and software as U.S. sanctions threaten its current supply.   © Reuters

GUANGZHOU -- 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, as it bolsters in-house research and development in the face of U.S. sanctions.

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