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ZTE To Invest $30 Million In The US Market

[Techtaffy Newsdesk]

ZTE plans to invest $30 million in the US markets to step up its presence.

The company says it will use the funds to work with a number of local partners to tap into both core and innovative technologies in the telecommunications industry.

Lixin Cheng (CEO, ZTE USA): We have already established partnerships with major carriers in the U.S. and believe that these cross-border relationships will ignite the development of new communication technologies and enlarge the application scale of our joint innovations.

ZTE entered the North American market in 1997. The company says it has seen tremendous investment growth in the market since. As of the first half of 2012, ZTE has reached a procurement of more than $14.68 billion in the country. The company has established five R&D centers and one logistics center in the U.S. It employs around 300 people across the country.

Upload: 12-26-12

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