OnePlus invests $30M into 5G research and development

The maker of budget-friendly phones intends to keep up when it comes to network speeds.

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OnePlus Concepto One CES 2020

OnePlus is gearing up for 5G. 

Juan Garzon/CNET

5G is the next step when it comes to mobile phones, and  OnePlus , known for its affordable phones with high-end features, hopes to be ready for the new technology. 

The company will invest almost $30 million to upscale and improve its 5G research and development labs, according to a release Thursday. The funds will go into areas such as radio frequency circuits, antennas and multimedia. 

"5G is a top priority in our product strategy," OnePlus CEO Pete Lau said in the release. "We have been investing in 5G for years and we plan to further develop application scenarios based on the daily usage habits of users, such as cloud gaming, cloud videos, and cloud storage services."

In an interview with CNET on Tuesday, Lau confirmed that the next batch of phones will have 5G. OnePlus released its first 5G phone, the OnePlus 7 Pro, last summer.