Marbridge Daily

<- February 20, 2012 ->

Huawei Signs USD 6 Bln in Contracts with U.S. Suppliers

PR Newswire, 2/16/12

Chinese telecom equipment and terminal manufacturer Huawei today announced that it will award Original Equipment Manufacturer (OEM) contracts totaling USD 6 bln to Qualcomm, Broadcom and Avago, three California-based communications technology companies.

"This procurement agreement reaffirms Huawei's determination to deliver on its promise to be a local economy contributor," said Ms. Chen Lifang, Senior Corporate Vice President of Huawei.

Since establishing its U.S. operations in 2001, Huawei has partnered with 280 U.S. technology providers, with total procurement contracts exceeding USD 30 bln. These contracts have covered software, components, chipsets, and services, and its 2011 procurement in this region saw an 8% increase year-over-year.

Editor's Note: For more background on this topic, please see "US Government Launches Huawei, ZTE Probe" MD 11/18/11 issue.

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