Market Overview

ZTE Extends Partnerships with Leading U.S. Technology Companies

SHENZHEN, China--(BUSINESS WIRE)--

ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment and network solutions, today reinforced its commitment to providing high quality telecommunications solutions worldwide by acknowledging its intent to continue to source application-specific integrated circuits (ASICs) from two industry-leading manufacturers.

ZTE plans to maintain its relationship with Qualcomm, a supplier of more than ten years, to provide device processor components as ZTE drives LTE adoption in 2012 and beyond. Qualcomm will continue to provide chipset solutions for ZTE wireless devices available in markets around the world.

Additionally, Broadcom and ZTE are engaged through 2012. Broadcom will provide networking processor solutions for ZTE Bearer network, Ethernet and XDSL products, which will be used as ZTE expands its infrastructure presence worldwide. The newest investment with Broadcom reflects the continued efforts that ZTE is making to customize deployments for customers and ensure availability of reliable and cost-efficient solutions.

“As a leading semiconductor supplier, Broadcom has demonstrated technology innovation throughout ZTE's product portfolio,” said Thomas Lagatta, executive vice president of Sales, Broadcom Corporation. “ZTE is one of the most important Broadcom partners, we are very proud of the milestone we have achieved with ZTE together, and look forward to further strategic collaboration.”

“ZTE believes that its solutions are dependent upon the partners we select to provide high-quality, reliable products for customers,” said Ye Weimin, Senior Vice President, ZTE Corp. “We are strengthening relationships with telecommunications' best technology companies to demonstrate our capabilities, customization and value. ZTE continues to put the resources in place to grow as a worldwide leader in the infrastructure and device industry.”

The collaborative relationships that ZTE maintains in the industry demonstrate ZTE's commitment to bring the best components, latest technologies and most complete solutions to customers around the globe. ZTE has a history of supporting American companies and has invested more than $13 billion in U.S. companies and technologies through the purchase of products and licensing of intellectual property. This strategy demonstrates ZTE's global and inclusive business model that utilizes best-in-class technology, efficient engineering and manufacturing, and worldwide reach to bring customers quality mobile products.

About ZTE

ZTE is a publicly-listed global provider of telecommunications equipment and network solutions with the most comprehensive product range covering virtually every sector of the wireline, wireless, service and terminals markets. The company delivers innovative, custom-made products and services to over 500 operators in more than 140 countries, helping them to meet the changing needs of their customers while achieving continued revenue growth. ZTE's 2010 revenue led the industry with a 21% increase to USD10.609 billion. ZTE commits 10 percent of its revenue to research and development and takes a leading role in a wide range of international bodies developing emerging telecoms standards. A company with sound corporate social responsibility (CSR) initiatives, ZTE is a member of the UN Global Compact. ZTE is China's only listed telecom manufacturer, publicly traded on both the Hong Kong and Shenzhen Stock Exchanges (H share stock code: 0763.HK / A share stock code: 000063.SZ). For more information, please visit www.zte.com.cn.

ZTE Corporation
Margrete Ma, +86 755 26775207
ma.gaili@zte.com.cn
or
ZTE USA
Mitch Peterson, +1-913-706-9529
mitchell.peterson@zteusa.com

 

Around the Web, We're Loving...

Get Benzinga's Newsletters