ZTE Corporation

ZTE corporate campus in Shenzhen, Guangdong
Formerly	Zhongxing Telecommunication Equipment Corporation
Type	Public
Traded as	SZSE: 000063 SEHK: 763
ISIN	CNE000000TK5 CNE1000004Y2
Industry	Telecommunications equipment Networking equipment
Founded	1985; 35 years ago (as Zhongxing Semiconductor Co., Ltd.)
Founder	Hou Weigui [zh] (Chinese: 侯為貴; pinyin: Hóu Wéiguì)
Headquarters	55 Hi-tech Road South Shenzhen, Guangdong, China 518057
Area served	Worldwide
Key people	Yin Yimin (Chairman) Zhao Xianming (President and Executive Director)[1]
Products	Mobile phones, smartphones, tablet computers, hardware, software and services to telecommunications service providers and enterprises
Revenue	CN¥90.740 billion / US $13.2 billion (2019)
Operating income	CN¥7.55  billion (2019)
Net income	CN¥5.49 billion (2019)
Total assets	CN¥141.202 billion (2019)
Total equity	CN¥35.079 billion (2019)
Owner	Zhongxingxin (30.34%); China Aerospace Science and Industry Corporation
Number of employees	68,240 (2018)
Subsidiaries	Nubia Technology (49.9%) ZTEsoft Zonergy
Website	zte.com.cn
Footnotes / references In consolidated financial statement;[1] shareholders' equity figure are excluding perpetual capital instrument

ZTE Corporation is a Chinese technology company that specializes in telecommunication. Founded in 1985, ZTE is listed on both the Hong Kong and Shenzhen Stock Exchanges.^[2]

ZTE operates carrier networks, terminals, and telecommunication.^[3] Its core business is wireless, exchange, access, optical transmission, and data telecommunications gear; mobile phones; and telecommunications software.^[4]

It also offers video on demand and streaming media.^[5][6] ZTE primarily sells products under its own name, but it is also an OEM.^[7] ZTE is one of the top five largest smartphone manufacturers in its home market.^[8]

The company has faced criticism in the United States over potential ties to the Chinese government that could enable surveillance. In 2017, ZTE was fined for illegally exporting U.S. technology to Iran and North Korea in violations of economic sanctions.^[9] In April 2018, after the company failed to properly reprimand the employees involved, the U.S. Department of Commerce banned U.S. companies (semiconductors) from exporting to ZTE for seven years. The ban was lifted in July 2018 after ZTE replaced its senior management, and agreed to pay additional fines and establish an internal compliance team for 10 years.^[10][11] In June 2020, the Federal Communications Commission designated ZTE a national security threat, thereby barring it from any U.S. subsidies.^{[12][13][14][15][16]}