ZTE to Purchase Chipsets from Qualcomm and Broadcom

(Beijing) – ZTE Corp., China's largest-listed telecoms equipment company, announced it agreed to purchase chipsets from U.S. telecommunications firms Qualcomm Inc. and Broadcom Corp. on February 21.

According to the agreement, ZTE will purchase US$ 4 billion worth of chipset technology between 2012 and 2015. ZTE has also agreed to purchase US$ 1 billion in worth of chipset technology from Broadcom between 2012 and 2014.