ZTE To Buy At Least US$5 Billion Worth Of Chipsets From Qualcomm, Broadcom

Date : 02/20/2012 @ 5:10AM
Source : Dow Jones News
Stock : Broadcom Corp. (BRCM)
Quote : 54.67  0.0 (0.00%) @ 2:05AM

ZTE To Buy At Least US$5 Billion Worth Of Chipsets From Qualcomm, Broadcom

Qualcomm Incorporated (MM) (NASDAQ:QCOM)
Historical Stock Chart

5 Years : From Jul 2012 to Jul 2017

Click Here for more Qualcomm Incorporated (MM) Charts.

ZTE Corp. (ZTCOY, 000063.SZ, 0763.HK) has agreed to buy at least US$5 billion worth of chipsets from U.S.-based Qualcomm Inc. (QCOM) and Broadcom Corp. (BRCM) over the next few years, China's second-largest telecom equipment maker said Monday.

ZTE has signed a framework agreement to buy at least US$4 billion worth of chipsets from Qualcomm, which makes chipsets and other technology used in wireless phones, between 2012 and 2015. It also agreed to buy at least US$1 billion worth of chipsets from California-based Broadcom over between 2012 and 2014, the Hong Kong and Shenzhen-listed equipment maker said in a statement.

-By Joanne Chiu, Dow Jones Newswires; 852-2802-7002; joanne.chiu@dowjones.com



Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.