ZTE to spend US$3 billion with Qualcomm, U.S. vendors
IDG News Service - ZTE, one of China's largest network equipment and phone suppliers, is set to buy $3 billion worth of semiconductor components from five U.S. technology vendors.
ZTE signed the purchase agreements on Monday with Qualcomm, Texas Instruments, Freescale Semiconductor, Altera Corp. and Broadcom Corp.
The company will be making the purchases over 3 years as a way to increase investment in the U.S. market, said Ye Weimin, senior vice president for ZTE. "We are keen to deepen our relationships with both U.S. suppliers and telecom carriers in order to meet the needs of our U.S. customers," he said in a statement.
ZTE has a growing presence in markets abroad. About 18 percent of the company's operating revenue for the first half of 2010 came from European and American markets.
In August, Version Wireless began offering one of ZTE's handsets. ZTE is also set to begin selling a new tablet device through carriers in Europe later this year. The company also announced in August it had agreed to build telecommunication networks in Hungary.
ZTE has also bought over $4 billion of intellectual property and hardware products from U.S. vendors in the past, it said.
- 2014 Healthcare Data Management Survey Summary This report provides insights into how much information Healthcare IT organizations are managing, the rate of data growth they are experiencing and which...
- State of Cloud Security Report In a relatively short time, cloud computing, specifically Infrastructure-as a-Service, has shifted from a new but unproven approach to an accepted, even inevitable,...
- What is this "File Sync" Thing and Why Should I Care About It? All of a sudden, getting a file from your work laptop to your iPad became as simple as clicking "Save." So it's no...
- Server and system administrators challenged to keep up with enterprise storage explosion Read this whitepaper to learn how administrators are leveraging their existing skills to simplify the management of storage and servers.
- Brunswick Moves Messaging and Collaboration to the IBM cloud Gerry Orten, Jr, Electronic Messaging Manager at Brunswick talks about why Brunswick moved to the IBM cloud.
- Increase Your Data Center IQ Discover how to improve network efficiency, lower IT costs and more proactively manage your physical, virtual and cloud environments. All Data Storage White Papers | Webcasts