ZTE has said that it will sustain investment in the US telecommunications market at 10% annual growth rate. Confirming this at Carter Center in Atlanta, Lixin Cheng, President of North America Region of ZTE Corporation and CEO of ZTE USA, said that since ZTE entered the U.S. market, the company’s supply chain partnership has totaled more than $13.7 billion in a number of leading technology corporations and ZTE will sustain the investment with 10% annual growth.
Cheng emphasized the benefits of bilateral investment to the U.S. and China to the attendees. He also predicted continued growth in the smartphone segment led by increased adoption by growing segments of the U.S. population. He concluded by discussing growth strategies as part of a panel of executives from top Chinese companies operating in the United States.
In his remarks, Cheng talked about his experience working to expand ZTE’s business in the U.S. and urged business and government to foster an environment of open communication. He told the attendees that it creates a positive path to better understanding of cultures and goals; leads to the creation of more useful products; and produces economic growth.
Cheng reinforced ZTE USA’s continued commitment to investing in the U.S. market by leveraging a combination of American innovation and Chinese manufacturing. Now the fourth largest mobile device manufacturer, ZTE has a history of supporting U.S. companies and has established relationships with a broad range of U.S. technology companies. Earlier this year, ZTE announced its intention to source application-specific integrated circuits (ASICs) from Qualcomm and Broadcomm, 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.
“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.”
Since 2007, ZTE USA has launched 35 products to U.S. business and consumer customers. In addition to opening 10 offices around the country, ZTE operates five R&D locations and a logistics center. ZTE USA has more than 400 employees across North America.
Georgia China Alliance, the host organization, is a nonprofit organization dedicated to promoting business exchanges between China and the State of Georgia. Held at the Carter Center in Atlanta, GA, China’s Global Outlook 2012 facilitated a dialogue between U.S. and China business and policy leaders on the increasing importance of Chinese investment abroad and the impact of this growth on the United States’ economic and policy goals.