In March 1993, Zhongxing Semiconductor changed its name to Zhongxing New Telecommunications Equipment Co., Ltd with capital of RMB 3 million, and created a new business model as a “state-owned and private-operating” economic entity. CDMA equipment market by number of shipments. In March 2017, ZTE pleaded guilty to illegally exporting U.S. By 2009, the company had become the third-largest vendor of GSM telecom equipment worldwide, and about 20% of all GSM gear sold throughout the world that year was ZTE branded. As of 2011, it holds around 7% of the LTE patents. 2004 Hong Kong IPO to further expand R&D, overseas sales to developed nations, and overseas production.

Barack Hussein Obama

Iran and North Korea in violation of trade sanctions, and was fined a total of US$1.19 billion by the U.S. ZTE was allowed to continue working with U.S. However, the Department of Commerce found that ZTE had violated these terms and made false statements regarding its compliance, having fired only 4 senior officials and still providing bonuses to 35 other employees involved in the violations. Department of Commerce. It was the largest-ever U.S.

The UK’s Vodafone, Canadian Telus and Fido, Australia‘s Telstra, as well as France Telecom have all purchased equipment from ZTE. In May 2016, ZTE became the co-sponsor of German club Borussia Mönchengladbach. ZTE began to release smartphones in the United States in 2011. The company elected to focus its efforts on low-cost products for discount and prepaid wireless carriers, including devices with premium features typically associated with high-end products, such as large high-resolution screens and fingerprint readers.

Collins, Mark (22 May 2016). “Chinese brand ZTE – read page – becomes co-sponsor of Borussia Mönchengladbach”. Fried, Ina (2 January 2015). “ZTE Looks to NBA Team Sponsorships for Marketing Assist”. Fonbuena, Carmela (21 October 2008). “Norway’s telco giant bans ZTE for 6 months”. The New York Times. LaFraniere, Sharon; Grobler, John (21 September 2009). “China Spreads Aid in Africa, With a Catch”. Zhu, Judy (28 February 2018). “NBA team goes full court for Lunar New Year”.