Friday, February 17, 2012

Huawei's Silicon Purchases Top $6 billion from Qualcomm, Broadcom and Avago

Huawei announced silicon purchasing contracts totaling US$6 billion from Qualcomm, Broadcom and Avago, all of whom are based in California.

Huawei said the purchases underscore its continued commitment to the U.S. market and the three-year OEM contracts will directly and indirectly create over tens of thousands of job opportunities for U.S. business while contributing to growth and development opportunities for California high-tech as well as the ICT industry as a whole.

“This procurement agreement reaffirms Huawei’s determination to deliver on its promise to be a local economy contributor, and is a demonstration of confidence in the long-term relationships we have cultivated with our local high-tech partners.�? said Ms. Chen Lifang, Senior Corporate Vice President of Huawei, “The U.S. holds the leading position in the ICT industry, and when coupled with Huawei’s long-term dedication to innovation in the U.S. market, the result is a strategic collaboration to develop a more diversified, balanced and healthier global ICT ecosystem.�?