[Gadgets] ZTE nubia Red Magic 6s Pro

[Dracarys.............]

                                                         

 

 

 

-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.[2]

ZTE operates carrier networks, terminals, and telecommunication.[3] Its core business is wireless, exchange, optical transmission, data telecommunications gear, telecommunications software, and mobile phones.[4]

It also offers video on demand and streaming media.[5][6] ZTE primarily sells products under its own name, but it is also an OEM.[7] ZTE is one of the top five largest smartphone manufacturers in its home market.[8][needs update]

The company has faced criticism in the United States over potential ties to the Chinese government that could enable 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

 

-HISTORY initially founded as Zhongxing Semiconductor Co., Ltd in Shenzhen, Guangdong province, in 1985, was incorporated by a group of investors associated with China's Ministry of Aerospace Industry.[16][17][18][19] In March 1993, Zhongxing Semiconductor changed its name to Zhongxing New Telecommunications Equipment Co., Ltd with capital of RMB 3 million, and created a new business model as a "state-owned and private-operating" economic entity. Ties to the state notwithstanding, the firm evolved into the publicly traded ZTE Corporation, having made an initial public offering (IPO) on the Shenzhen stock exchange in 1997 and another on the Hong Kong stock exchange in December 2004.[20]

While the company initially profited from domestic sales,[21] it vowed to use proceeds of its 2004 Hong Kong IPO to further expand R&D, overseas sales to developed nations, and overseas production.[22] Making headway in the international telecom market in 2006, it took 40% of new global orders for CDMA networks[23][verification needed] topping the world CDMA equipment market by number of shipments.[24][25][26] That same year also saw ZTE find a customer in the Canadian Telus[27][28] and membership in the Wi-Fi Alliance.[29] More customers in developed nations soon followed Telus's lead, and in 2007 ZTE sold to UK's Vodafone, Spain's Telefónica, and the Australian Telstra,[27] in addition to garnering the greatest number of CDMA contracts globally.[30] By 2008 ZTE had achieved a global customer base, with sales in 140 countries.[27]

By 2009, the company had become the third-largest vendor of GSM telecom equipment worldwide, and about 20% of all GSM gear sold throughout the world that year was ZTE branded.[31] As of 2011 it holds around 7% of the key LTE patents[32] and that same year launched the world's first smartphone with dual GPS/GLONASS navigation, MTS 945. ZTE claims to devote 10% of its annual revenue to research and development, producing patents and utility licenses at a rapid pace.[33][34] ZTE has filed 48,000 patents globally, with more than 13,000 granted. In two consecutive years (2011 and 2012), ZTE was granted[when?] the largest number of patent applications globally,[35] which is a first for a Chinese company.

 

-U.S. sanctions and import ban

-In March 2017, ZTE pleaded guilty to illegally exporting U.S. technology to Iran and North Korea in violation of trade sanctions, and was fined a total of US$1.19 billion by the U.S. Department of Commerce. It was the largest-ever U.S. fine for export control violations.[36][37]

ZTE was allowed to continue working with U.S. companies, provided that it properly reprimand all employees involved in the violations. However, the Department of Commerce found that ZTE had violated these terms and made false statements regarding its compliance, having fired only 4 senior officials and still providing bonuses to 35 other employees involved in the violations. On 16 April 2018, the Department of Commerce banned U.S. companies from providing exports to ZTE for seven years.[38][39][40] At least 25% of components on recent ZTE smartphones originated from the U.S., including Qualcomm processors and certified Android software with Google Mobile Services.[41][42] An analyst stated that it would take a significant amount of effort for ZTE to redesign its products as to not use U.S.-originated components.[43]

On 9 May 2018, ZTE announced that, although it was "actively communicating with the relevant U.S. government departments" to reverse the export ban, it had suspended its "major operating activities" (including manufacturing) and trading of its shares.[42][44] On 13 May 2018, U.S. president Donald Trump stated that he would be working with Chinese president Xi Jinping to reverse the ban.[45] It was argued that the export ban was being used as leverage by the United States as part of an ongoing trade dispute with China.[46][47] On 7 June 2018, ZTE agreed to a settlement with the Department of Commerce in order to lift the import ban. The company agreed to pay a US$1 billion fine, place an additional US$400 million of suspended penalty money in escrow, replace its entire senior management, and establish a compliance department selected by the department.

 

                                                                                           ZTE - Wikipedia