News Checker

Read News, Share news, Tell the truth.

Friday, April 13, 2007

Huawei, ZTE to Build New Bases in China

http://circuitsassembly.com/cms/cms/content/view/4713/95/

SHENZHEN, CHINA – China's two leading telecom equipment providers, Huawei TechnologiesZTE Corp., are planning to build new manufacturing and R&D bases to speed up domestic and global expansion.

Huawei will spend a reported $517 million on a base in Dongguan. The company will build the base in phases, the first of which will be ready early next year. When fully operational, the cluster of factories will account for several billion dollars worth of Huawei's revenue, according to local media.

Huawei is also building a similar base in Langfang to be finished in July. It is also expected to generate billions in revenue.

ZTE is building a national R&D and manufacturing park in Shenzhen to expand its presence in cellphones. The park will cover 440,000 sq. meters and employ 15,000 workers.

Labels: , ,

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home