Monday, June 18, 2012

ZTE Tallies $13.7 billion in U.S. Purchases So Far

Since entering the U.S. market in 2007, ZTE's supply chain purchases in the U.S. have totaled more than $13.7 billion, according to Lixin Cheng, President of North America Region of ZTE Corporation. The company expects it purchases to grow at a 10% rate. ZTE currently operates 10 offices around the country, including five R&D locations and a logistics center. It also has more than 400 employees across North America.

Earlier this year, ZTE announced its intention to source application-specific integrated circuits (ASICs) from Qualcomm and Broadcom, two long-time U.S. suppliers, with the total amount reaching $5 billion.

“From opening research and development centers to working with a wide range of wireless companies to develop new products, ZTE is committed to expanding the U.S. market through continuous investments. Put simply, we believe Chinese investment in the U.S. is beneficial for businesses in both countries,�? said Lixin Cheng, President of North America Region of ZTE Corporation and CEO of ZTE. “At ZTE, our mission is to help people around the world connect with one another in meaningful and affordable ways. We are proud to provide high-quality, high-performance and reasonably priced mobile products to help bring people closer together.�?

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