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ZTE
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 ZTE building in Hi-tech Zone of Nanshan District, Shenzhen, Guangdong | |
| Formerly | Zhongxing Telecommunication Equipment Corporation |
|---|---|
| Company type | Public; state-owned enterprise |
| SZSE: 000063 SEHK: 763 | |
| ISIN | |
| Industry | Telecommunications equipment Networking equipment |
| Founded | 1985 (as Zhongxing Semiconductor Co., Ltd.) |
| Founder | Hou Weigui |
| Headquarters | 55 Hi-tech Road South Shenzhen, Guangdong, China 518057 |
Area served | Worldwide |
Key people | Li Zixue (Chairman and Executive Director)[1] Xu Ziyang (Executive Director and CEO)[2] |
| Products | Mobile phones, smartphones, tablet computers, hardware, software, all series of wireless, wireline, services, devices and professional telecommunications services and services to telecommunications service providers and enterprises[3] |
| Revenue |  CN¥122.95 billion / US $17.68 billion[4] (2022) |
| CN¥6.16 billion[5] (2022) | |
| CN¥8.08 billion[5] (2022) | |
| Total assets | CN¥180.95 billion[5] (2022) |
| Total equity | CN¥58.64 billion[6] (2022) |
| Owner | Zhongxingxin (20.29% in 2022); China Aerospace Science and Industry Corporation |
Number of employees | 74,811[5] (2022) |
| Subsidiaries | Nubia Technology (49.9%) ZTEsoft Zonergy |
| Website | www |
| Footnotes / references In consolidated financial statement;[7] shareholders' equity figure are excluding perpetual capital instrument | |
| ZTE Corporation | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Simplified Chinese | 中兴通讯股份有限公司 | ||||||||||
| Traditional Chinese | 中興通訊股份有限公司 | ||||||||||
| Literal meaning | China-Prosperity Communications Company Limited by Shares | ||||||||||
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| Alternative Chinese name | |||||||||||
| Simplified Chinese | 中兴通讯 | ||||||||||
| Traditional Chinese | 中興通訊 | ||||||||||
| Literal meaning | China-Prosperity Communications | ||||||||||
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| Second alternative Chinese name | |||||||||||
| Simplified Chinese | 中兴 | ||||||||||
| Traditional Chinese | 中興 | ||||||||||
| Literal meaning | China-Prosperity [or the word itself: resurgence] | ||||||||||
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ZTE Corporation is a Chinese partially state-owned technology company that specializes in telecommunication. Founded in 1985, ZTE is listed on both the Hong Kong and Shenzhen Stock Exchanges.
ZTE's core business is wireless, exchange, optical transmission, data telecommunications gear, telecommunications software, and mobile phones. ZTE primarily sells products under its own name, but it is also an OEM.[8]
The company has faced criticism in the United States, India, and Sweden over ties to the Chinese government that could enable mass surveillance. In 2017, ZTE was fined for illegally exporting U.S. technology to Iran and North Korea in violations of economic sanctions.[9] In April 2018, after the company failed to properly reprimand the employees involved, the U.S. Department of Commerce banned U.S. companies (semiconductors) from exporting to ZTE for seven years. The ban was lifted in July 2018 after ZTE replaced its senior management, and agreed to pay additional fines and establish an internal compliance team for 10 years.[10][11] In June 2020, the Federal Communications Commission (FCC) designated ZTE a national security threat.[12][13][14][15] In 2023, the European Commission banned ZTE from providing telecommunication services.[16]
- ^ "Li Zixue". www.zte.com.cn. Retrieved 13 October 2023.
- ^ "Xu Ziyang". www.zte.com.cn. Retrieved 13 October 2023.
- ^ "Company Introduction". www.zte.com.cn. Retrieved 13 October 2023.
- ^ Tomás, Juan Pedro (10 March 2023). "ZTE's 2022 revenues up 7.4% year-on-year". RCR Wireless News. Archived from the original on 12 November 2023. Retrieved 13 October 2023.
- ^ a b c d "ZTE - Annual Report 2022" (PDF). www.zte.com.cn. Archived (PDF) from the original on 13 October 2023. Retrieved 14 October 2023.
- ^ "2023 Interim Result Announcement" (PDF). www.zte.com.cn. Archived (PDF) from the original on 4 October 2023. Retrieved 14 October 2023.
- ^ Annual Report 2017 (PDF) (Report). ZTE. 26 March 2018. Archived from the original (PDF) on 9 April 2018. Retrieved 8 April 2018.
- ^ Mukherjee, Supantha (26 January 2011). "UPDATE 3-LSI sees second half better than first". Reuters. Bangalore. Archived from the original on 17 November 2015.
- ^ Freifeld, Karen; Sijia, Jiang (8 March 2017). "China's ZTE pleads guilty, settles U.S. sanctions case for nearly $900 million". Reuters. New York / Hong Kong. Archived from the original on 26 February 2020. Retrieved 11 July 2020.
- ^ Cite error: The named reference
:4was invoked but never defined (see the help page). - ^ Cite error: The named reference
:5was invoked but never defined (see the help page). - ^ McCabe, David (30 June 2020). "F.C.C. Designates Huawei and ZTE as National Security Threats". The New York Times. ISSN 0362-4331. Archived from the original on 2 July 2020. Retrieved 2 July 2020.
- ^ Shields, Todd (30 June 2020). "FCC Calls Huawei, ZTE Security Threats as It Bars Subsidies". Bloomberg News. Archived from the original on 2 July 2020. Retrieved 11 July 2020.
- ^ Rapoza, Kenneth (30 June 2020). "The FCC Just Designated China's Huawei And ZTE A Security Threat". Forbes. Archived from the original on 14 July 2020. Retrieved 14 July 2020.
- ^ Shepardson, David (9 July 2020). "Exclusive: U.S. finalizing federal contract ban for companies that use Huawei, others". Reuters. Washington. Archived from the original on 15 July 2020. Retrieved 4 August 2020.
- ^ Chee, Foo Yun (15 June 2023). "Breton urges more EU countries to ban Huawei, ZTE from networks". Reuters. Archived from the original on 16 June 2023. Retrieved 17 June 2023.
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