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TriQuint nabs $50M deal with China's ZTE

Posted: 11 May 2009 ?? ?Print Version ?Bookmark and Share

Keywords:China wireless communications? W-CDMA? Triquint ZTE deal?

TriQuint Semiconductor has signed a framework agreement with China wireless communication system equipment manufacturer ZTE Corp.

ZTE will procure TriQuint components, including but not limited to CDMA, GSM, and W-CDMA ASICs, in the value of no less than $50 million in the 2009 calendar year.

The agreement was formalized at the U.S.-China Business Signing Ceremony: Partnering for Sustainable Economic Growth, April 28, in Chicago. The event, aggregating $5.7 billion dollars of U.S.-China business through 28 contracts, was organized by the China Chamber of Commerce for Import & Export of Machinery and Electronic Products.

Minister of Commerce of the People's Republic of China Chen Deming said that at a time of historic uncertainty, it is more important than ever to expedite trade and investment activities, in order to enhance our already productive partnerships and improve economic prosperity.

"We were delighted to be invited by ZTE to this event supporting international relations, and look forward to working with ZTE to further wireless communications," said Ralph Quinsey, president and CEO of TriQuint. "Not only does this agreement strengthen the relationship of the two companies, but our innovations will bring high quality voice, data, and video communications to people everywhere."

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