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    000063   CNE000000TK5

ZTE CORPORATION

(000063)
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End-of-day quote Shenzhen Stock Exchange  -  2022-12-01
25.05 CNY   -0.60%
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Qualcomm and ZTE Achieve a World's Fastest 5G Standalone mmWave Milestones to Deliver Next-Gen Wireless Fiber

09/08/2022 | 04:13am EST

SAN DIEGO - Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.

Highlights:

*Achievement demonstrates the high performance and unique features of the Snapdragon X70 Modem-RF System connected to ZTE's wireless infrastructure.

*Supports the validation testing needs of the China IMT-2020 (5G) Promotion group for a standalone mmWave solution in 2022.

*5G standalone mmWave gives mobile operators and internet service providers more flexibility to deploy fixed internet access using wireless fiber technology.

Qualcomm Technologies, Inc. and ZTE today announced the world's fastest 5G mmWave standalone data connection, achieving impressive results in two scenarios: nearly 7Gbps peak rate for downlink and 2.1 Gbps for uplink. 5G standalone mmWave allows for the deployment of 5G mmWave networks and devices without using an anchor on LTE or sub-6 GHz spectrum. This gives operators more flexibility to deliver wireless fiber broadband access with multi-Gigabit speeds and ultra-low latency to residential and commercial customers. Use of mmWave standalone without an anchor also enables green field fixed wireless access deployments for all use-cases.

Under the technical guidance of China's IMT-2020 (5G) Promotion Group, Qualcomm Technologies and ZTE accomplished nearly 7Gbps downlink peak rate achievement over 5G standalone mmWave in the 26 GHz band (n258), supported by a DDDSU frame structure. The companies achieved the 2.1Gbps uplink utilizing a DSUUU frame structure. The milestones were achieved on the Snapdragon® X70 5G Modem-RF System Mobile Test Platform connected to ZTE's infrastructure in ZTE's Shanghai lab, across 4x200 MHz downlink and 2x200 MHz uplink bandwidths.

"We're proud to collaborate with ZTE on this milestone, a significant next step in the evolution and upcoming commercialization of 5G standalone mmWave," said Durga Malladi, senior vice president and general manager, cellular modems and infrastructure, Qualcomm Technologies, Inc. "This demonstration highlights the potential for wireless fiber to power enhanced consumer experiences and facilitate digital transformation--with faster peak speeds, more available connections, lower latency, and higher throughput."

About Qualcomm

Qualcomm is the world's leading wireless technology innovator and the driving force behind the development, launch, and expansion of 5G. When we connected the phone to the internet, the mobile revolution was born. Today, our foundational technologies enable the mobile ecosystem and are found in every 3G, 4G and 5G smartphone. We bring the benefits of mobile to new industries, including automotive, the internet of things, and computing, and are leading the way to a world where everything and everyone can communicate and interact seamlessly.

Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering, research and development functions, and substantially all of our products and services businesses, including our QCT semiconductor business.

About ZTE

ZTE Corporation (0763.HK / 000063.SZ) is a global leader in telecommunications and information technology. Founded in 1985 and listed on both the Hong Kong and Shenzhen Stock Exchanges, the company has been committed to providing innovative technologies and integrated solutions for global operators, government and enterprise, and consumers from over 160 countries across the globe. Serving over 1/4 of the global population, the company is dedicated to enabling connectivity and trust everywhere for a better future.

Snapdragon is a trademark or registered trademark of Qualcomm Incorporated.

Snapdragon is a product of Qualcomm Technologies, Inc. and/or its subsidiaries.

Qualcomm Contacts

Pete Lancia

Corporate Communications

1-858-845-5959

corpcomm@qualcomm.com

Mauricio Lopez-Hodoyan

Investor Relations

1-858-658-4813

ir@qualcomm.com

.

(C) 2022 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials
Sales 2022 130 B 18 491 M 18 491 M
Net income 2022 8 524 M 1 214 M 1 214 M
Net cash 2022 11 281 M 1 607 M 1 607 M
P/E ratio 2022 13,8x
Yield 2022 1,43%
Capitalization 111 B 15 815 M 15 815 M
EV / Sales 2022 0,77x
EV / Sales 2023 0,65x
Nbr of Employees 72 584
Free-Float 74,6%
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Last Close Price 25,05 CNY
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Spread / Average Target 44,4%
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Managers and Directors
Zi Yang Xu President, CEO & Executive Director
Li Ying Chief Financial Officer & Executive Vice President
Da Xiong Xie Chairman-Supervisory Board
Zi Xue Li Chairman
Junshi Xie Chief Operating Officer & Executive Vice President
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