Log In

 
Company : ZTE Corporation 
Tuesday, November 24, 2015 11:08AM IST (5:38AM GMT)
 
(BW)(ZTE-CORPORATION)
ZTE Announces RMB 2.4 Billion Proposed Funding in Subsidiary by New Investor
National Integrated Circuit Industry Investment Fund to acquire 24% shareholding in ZTE Microelectronics, a semiconductor subsidiary of ZTE Corporation
 
Shenzhen, China

ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, announced that its ZTE Microelectronics Technology Company Ltd. subsidiary had agreed to a proposed RMB 2.4 billion (USD 376 million) investment by National Integrated Circuit Industry Investment Fund Corporation.

 

Under the agreement, National Integrated Circuit Industry Investment Fund will acquire 24% of the enlarged shareholding of ZTE Microelectronics. The new investment will enhance ZTE Microelectronics’ research and development capabilities, and strengthen its offerings in advanced semiconductor technologies, as well as broaden its marketing and distribution channels in China and in international markets.

 

ZTE Microelectronics focuses on the development of semiconductor technologies for applications including telecommunications, mobile devices, Big Data, cloud computing, Internet of Things and wearables. With more than 2,000 R&D employees in offices in China and the United States, ZTE Microelectronics is currently developing products with 28 nanometer technologies, and has R&D capabilities for 16 nanometer and 14 nanometer technologies.

 

Chipsets developed by ZTE Microelectronics are currently deployed commercially in base stations to support multi-frequency band wireless access, as well as optical networking units (ONUs). In addition, ZTE Microelectronics also develops products used in smartphones and mobile devices shipped in markets including China, Brazil, Indonesia and Russia, supporting LTE-Advanced standards and multimode operations.

 

In 2014, ZTE Microelectronics increased its net profit by 258% to RMB 458.6 million, with revenue growing to RMB 3.06 billion.

 

National Integrated Circuit Industry Investment Fund, with shareholders including China’s Ministry of Finance, China Development Bank and China Mobile Communications Corporation, has investments in developers of semiconductor technologies, an area of national strategic interest to the Chinese government.

 

About ZTE

 

ZTE is a provider of advanced telecommunications systems, mobile devices, and enterprise technology solutions to consumers, carriers, companies and public sector customers. As part of ZTE’s M-ICT strategy, the company is committed to provide customers with integrated end-to-end innovations to deliver excellence and value as the telecommunications and information technology sectors converge. Listed in the stock exchanges of Hong Kong and Shenzhen (H share stock code: 0763.HK / A share stock code: 000063.SZ), ZTE’s products and services are sold to over 500 operators in more than 160 countries. ZTE commits 10 per cent of its annual revenue to research and development and has leadership roles in international standard-setting organizations. ZTE is committed to corporate social responsibility and is a member of the UN Global Compact. For more information, please visit www.zte.com.cn.

 

 

 
For News Release background on ZTE Corporation click here
 
Media Contact Details
CONTACTS : ZTE Corporation Margrete Ma, +86 755 26775207 ma.gaili@zte.com.cn or Edelman PR Mark Lee / Daisy Yu, +852 2837 4756 / +852 2837 4796 mark.lee@edelman.com / daisy.yu@edelman.com
 
 
Submit your press release
More News from ZTE Corporation

27/05/2016 9:27AM

ZTE Launches Flagship AXON 7 Smartphone, Endorsed by World Renowned Pianist Lang Lang

ZTE, a leading global mobile device maker, officially unveiled its latest flagship device, the AXON 7, at the Park Hyatt in Beijing. During the launch, it was also announced that Lang Lang, a world renowned pianist, ...

13/05/2016 9:26AM

ZTE Becomes Co-Sponsor of Top German Football Team Borussia Mönchengladbach

After recently announcing a partnership with Sevilla FC, ZTE is continuing to expand its European sponsorship activities by signing a sponsorship agreement with top German football team Borussia Mönchengladbach. ...

03/05/2016 6:40PM

ZTE Mobile Devices Brings ZTE Tour for Consumers to Spain, Following Success Throughout Europe and the United States

ZTE Mobile Devices, a leading global mobile device maker, today announced that following its success in European countries and the United States, its traveling roadshow for consumers to experience ZTE devices is ...

Similar News

17/10/2018 1:10PM

Voting Is Now Open for Intuit QuickBooks Global Firm of the Future Contest 2018

Intuit Inc. (Nasdaq: INTU) today opened the polls for voting in its 2018 Intuit QuickBooks Global Firm of the Future contest.

No Image

17/10/2018 12:48PM

Thales and Gemalto Are Granted Regulatory Clearance from the Competition Commission in South Africa

Regulatory News:   Reference is made to the joint press release by Thales (Euronext Paris: HO) and Gemalto (Euronext Amsterdam and Paris: GTO) dated 27 March 2018 in relation to the launch of the recommended ...