In March 1993, Zhongxing Semiconductor has changed its name to Zhongxing New Telecommunications Equipment Co., Ltd with capital of RMB 3 million, and created a new business model as a 'state-owned and private-operating' economic entity.
ZTE, initially founded as Zhongxing Semiconductor Co., Ltd in Shenzhen, China, in 1985, was incorporated by a group of investors associated with China's Ministry of Aerospace.
ZTE is one of the top five largest smartphone manufacturers in its home market, and in the top ten, worldwide. ZTE primarily sells products under its own name but it is also an OEM. It also offers products that provide value-added services, such as video on demand and streaming media. ZTE's core products are wireless, exchange, access, optical transmission, and data telecommunications gear mobile phones and telecommunications software. ZTE operates in three business units - Carrier Networks(54%)-Terminals(29%)-Telecommunication(17%).
ZTE Corporation is a Chinese multinational telecommunications equipment and systems company headquartered in Shenzhen, Guangdong, China.
