ZTE invests over 3 billion USD on 5G products

Source: Xinhua| 2018-03-20 20:46:15|Editor: Mengjie
Video PlayerClose

NANJING, March 20 (Xinhua) -- Chinese telecommunications company ZTE has invested 20 billion yuan (3.16 billion U.S. dollars) on a 5G product base in Nanjing, in east China's Jiangsu Province.

The center will focus on developing 5G products and wireless devices, the company said Tuesday.

"5G technology will be hundreds times faster 4G," said Pang Shengqing, executive vice president of ZTE, "It is the future of the mobile communication industry."

ZTE has over 20 partners working on 5G technology across the world, Pang added.

"The project is expected to generate production value of 40 billion yuan after it being put into operation in 2022," said Pang.

ZTE is a leading global provider of telecommunications equipment, networking solutions and one of the world's fastest growing smartphone manufacturers. It unveiled the world's first 5G smartphone in Barcelona last year.

China is expected to be the world's largest 5G market by 2025, according to GSMA Intelligence, a global mobile think tank

The China Academy of Information and Communications Technology has predicted that 5G will drive 6.3 trillion yuan of economic output in China by 2030.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001370530881
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
亚洲日韩欧美综合一区 | 亚洲中文字幕精品一区二区三区 | 伊人中文字幕在线 | 亚洲V国产V日韩V欧美V | 日本韩欧色色色色色色 | 在线视频国产网址你懂的 |