With ZTE sustaining 10% growth rate of investment in US telecom market, the company’s supply chain partnership has totaled more than $13.7 billion in a number of leading technology corporations with ZTE plans of sustaining the investment with 10% annual growth, a top official at the company claimed.
Lixin Cheng, President of North America Region of ZTE Corporation and CEO of ZTE USA, addressing the business and public policy leaders at the Georgia-China Alliance’s China’s Global Outlook 2012 Conference, Cheng emphasized the benefits of bilateral investment to the US and China to the attendees.
He also predicted continued growth in the smartphone segment led by increased adoption by growing segments of the US population. He concluded by discussing growth strategies as part of a panel of executives from top Chinese companies operating in the United States.
Cheng talked about his experience working to expand ZTE’s business in the US 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 US market by leveraging a combination of American innovation and Chinese manufacturing. Now the fourth largest mobile device manufacturer, ZTE has a history of supporting US companies and has established relationships with a broad range of US technology companies. Earlier this year, ZTE announced its intention to source application-specific integrated circuits (ASICs) from Qualcomm and Broadcomm, two long-time US 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 US market through continuous investments. Put simply, we believe Chinese investment in the U.S. is beneficial for businesses in both countries,” Lixin Cheng, President of North America Region of ZTE Corporation and CEO of ZTE, said.
“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 US 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 non-profit 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 US 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.