A multinational telecommunications and networking equipment manufacturer, Huawei Technologies Co., Ltd. was founded in 1987 in Shenzhen, Guangdong, China by Ren Zhengfei. After taking over Ericsson in 2012, the company became one of the largest telecommunications equipment manufacturers and was recognized at the 72nd position in Fortune Global 500. Huawei currently has several subsidiaries that manufacture products such as servers, switches, servers, mobile and fixed broadband networks, smartphones, dongles, tablet computers, and other telecom products. Huawei also provides a wide range of managed and consultancy services to enterprises within and outside of China. All of these products and services are provided to consumers and businesses around the world.