SMM News: after going through two sanctions in 2017 and 2018, ZTE was badly damaged and paid a fine of US $1 billion, US $400 million in custody, and a great price of complete restructuring of the board of directors and management to resume business operations. ZTE suffered a net loss of 7.8 billion yuan in the first half of last year.
Xu Ziyang, CEO of ZTE Corporation, who took office last year, was interviewed by CCTV's "Dialogue" program a few days ago. Xu Ziyang said in the program that ZTE is now on the right track and has grown into the main force of the 5G industrial chain. On behalf of ZTE, he will certainly live up to everyone's expectations.
In the interview, Xu Ziyang also mentioned ZTE's achievements in 5G research and development, saying that even at the most difficult and tense moment last year, ZTE cut marketing costs did not reduce its enthusiasm for R & D, even higher than the scheduled amount. ZTE invested more than 10 billion yuan in research and development last year.
According to Xu Ziyang, as of June 15, ZTE disclosed to ETSI (European Telecommunications Standardization Association) 1424 3GPP 5G SEP (standard necessary patents) and applied for patents, ranking among the top three in the world, based on IPlytics statistics.
In addition, in terms of 5G base station chips, Xu Ziyang also revealed the latest development of ZTE. The chip of 7nm process has been designed and mass produced, and the 5G chip of 5nm process is currently being developed.
At the equipment level, ZTE has also achieved the independent research and development of key databases and operating systems.