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Huawei to buy more from Taiwan
TT Correspondent |  |  20 Jul 2011

Huawei, a leading information and communication technology solutions
provider in the Chinese mainland, will increase purchases from Taiwan
suppliers, said a senior manager Tuesday, according to Xinhua.
Philip Jiang, Huawei's vice president, told a cross-Straits business
forum that the company is likely to buy products worth of NT$110
billion ($3.85 billion) from its Taiwan suppliers this year.

Last year the figure was NT$99.5 billion ($3.48 billion), according to Jiang.
Taiwan companies have become the third largest supplier for Huawei, Jiang said.

"We will increase the variety of purchases as well," he said. "We will
not only buy mobile phones but also tablet computers, and we will
expand from components for base stations to devices related to IPTV
and clouding technology, the agency quoted Philip Jiang, Huawei's vice
president as saying.

On Tuesday, Huawei signed agreements with two Taiwan partners, Foxconn
and Prime Electronics and Satellitics Inc. In next three years, Huawei
will buy products worth of NT$70 billion from the two companies.
The cooperation between Huawei and Taiwan suppliers is mutually
beneficial, as Huawei has strong capacity of providing network
solutions and Taiwan partners hold the advantages of producing and
designing electronic components and devices, Jiang said.

Huawei is one of the 68 companies that have sent representatives to
join a mainland business delegation to Taiwan, headed by Jiang
Yaoping, vice minister of commerce.

    
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20 Jul 2011(IST)  
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