ZTE to invest another $30M in US

ZTE to invest another $30M in US

Summary: Chinese telecoms vendor will use the funds to work with local partners to improve its own products and technologies, and "demonstrate its long-term commitment" to the U.S. market.

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ZTE Corporation, the world's fifth-largest telecom equipment vendor, has announced it will invest another US$30 million in the United States to enhance its presence there.

The increase is the latest move by ZTE to demonstrate its long-term commitment to the U.S. market, the company said in a statement Wednesday.

The Chinese company added that differing from past investments of technology acquisitions, the money would this time be used for working with a number of local partners to "tap into both core and innovative technologies in the telecommunications industry".

Lixin Cheng, CEO of ZTE USA, said: “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, thus helping us continue to provide affordable, environmentally friendly products that enable consumers around the world to connect in meaningful ways."

The vendor's announcement comes two months after a U.S. congressional report slammed the company along with Huawei Technologies for being national security threats due to their alleged links to the Chinese military and warned American companies from procuring equipment from them.

ZTE currently has five R&D centers and one logistics center in the U.S, after entering the North American market in 1997.

 

 

Topics: Telcos, IT Priorities, Networking, China

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Loves caption contests, leisurely strolls along supermarket aisles and watching How It's Made. Ryan has covered finance, politics, tech and sports for TV, radio and print. He is also co-author of best seller "Profit from the Panic". Ryan is an editor at ZDNet's Asia/Singapore office.

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