China’s ZTE investing an additional $30 million in the US market

China's ZTE investing an additional $30 million in the US market

ZTE announced that it will increase its investment in the US by additional $30 million. The new cash will be used in the procurement of technology products, working with a number of local partners to tap into technologies in the telecommunications industry.

“ZTE is committed to the US market and we look forward to continuing our investment and leveraging local talent to bring new innovations to consumers,” said Lixin Cheng, CEO of ZTE USA. He went on to add: “We have already established partnerships with major carriers in the US and believe that these cross-border relationships will ignite the development of new communication technologies and enlarge the application scale of our joint innovations, thus helping us continue to provide affordable, environmentally friendly products that enable consumers around the world to connect in meaningful ways.”

The Chinese company currently employs some 300 people across the US, with 80% of them being US citizens.

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