ZTE
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 building in Hi-tech Zone of Nanshan District, Shenzhen, Guangdong | |
| Formerly | Zhongxing Telecommunication Equipment Corporation |
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| 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 (Chinese: 侯為貴; pinyin: Hóu Wéiguì) |
| Headquarters | 55 Hi-tech Road South Shenzhen, Guangdong, China 518057 |
Area served | Worldwide |
Key people | Li Zixue (Chairman and Executive Director) Xu Ziyang (Executive Director and CEO) |
| 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 |
| Revenue | CN¥122.95 billion / US $17.68 billion (2022) |
| CN¥6.16 billion (2022) | |
| CN¥8.08 billion (2022) | |
| Total assets | CN¥180.95 billion (2022) |
| Total equity | CN¥58.64 billion (2022) |
| Owner | Zhongxingxin (20.29% in 2022); China Aerospace Science and Industry Corporation |
Number of employees | 74,811 (2022) |
| Subsidiaries | Nubia Technology (49.9%) ZTEsoft Zonergy |
| Website | www |
| Footnotes / references In consolidated financial statement; shareholders' equity figure are excluding perpetual capital instrument | |
| ZTE Corporation | |||||||||||
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| 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'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.
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. 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. In June 2020, the Federal Communications Commission (FCC) designated ZTE a national security threat. In 2023, the European Commission banned ZTE from providing telecommunication services.