以下文章来源于鲜枣课堂 ，作者伯恩 扫码加我本人微信 17世纪，世界上第一家股份制公司诞生。伴随着工业革命以及全球化的进程，公司在各行各业的 地位与日俱增。它们占据着资本﹑技术﹑人才，如同一个个帝国盘踞在历史舞台上，上演着兴盛和 衰败的传说。 今年7月，《财富》世界500强出炉。通信设备商只有两家上榜，分别是华为和思科。通信行业也 曾是"天下英雄，如过江之鲫"，如今却低调了很多。历史是有记忆的，本文以时间为切片，以五年 为跨度，梳理从2000年至今，各大通信设备商在500强的座次变化，从一个侧面展现行业的兴衰更 替。 鲜枣课堂 . 学通信，学5G，就上鲜枣课堂！ 我已加入"维权骑士"（rightknights.com）的版权保护计划。 我是芯片超人花姐，入行20年，有50W+芯片行业粉丝。 有很多不方便公开发公众号的， 关于芯片买卖、关于资 源链接等， 我会分享在朋友圈 。 具体排名如下图： 01 2000年——千禧的繁荣 20世纪90年代，电信行业刚经历完一段爆炸式的增长。以爱立信为例，它一度占据了2G(GSM)领 域40%的市场份额。诺基亚的手机市场份额全球第一，远比其网络设备业务光鲜靓丽。 2000年共 ...

Group 1 - The article discusses the evolution of the telecommunications equipment industry, highlighting the rise and fall of various companies over the past two decades, particularly focusing on the changes in the Fortune Global 500 rankings [2][54]. - In 2000, seven telecommunications equipment manufacturers made it to the Fortune Global 500, including Lucent and Nortel, which have since disappeared from the list, while Huawei and ZTE were still emerging players [5][9]. - By 2015, only three companies remained in the rankings: Cisco, Huawei, and Ericsson, indicating a significant consolidation in the industry [23][25]. Group 2 - Huawei's revenue skyrocketed to $124.3 billion in 2020, marking a 166% increase and a significant rise in its global ranking, showcasing its rapid growth in the telecommunications sector [26][27]. - The article notes that the global telecommunications market is fixed in size, meaning Huawei's growth has come at the expense of other manufacturers, leading to a decline in their market presence [28][31]. - The geopolitical tensions, particularly the U.S. actions against Huawei, have disrupted the established global supply chain and forced a reevaluation of industry dynamics [32][33]. Group 3 - By 2025, only Huawei and Cisco remained in the Fortune Global 500, with Huawei ranking 83rd and Cisco at 273rd, reflecting the ongoing challenges faced by traditional Western manufacturers like Ericsson and Nokia [37][54]. - The article highlights that the telecommunications industry is cyclical, with both Ericsson and Nokia experiencing revenue declines post-peak 5G investments, indicating a potential downturn in the market [38][41]. - The competitive landscape has shifted, with Huawei's unique management and compensation strategies contributing to its sustained growth, while traditional companies struggle to adapt to changing market conditions [61][62].