ZTE ranks 2nd among Chinese enterprises in the 2017 Global Innovation 1000
Via ZTE Press Center
Nov 6, 2017
Among the first 100 globally with USD 1.8 billion Spending **
6 November 2017, Shenzhen, China – ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, ranks 2nd among Chinese public listed companies in recognition of its USD1.8 billion R&D expenditure and 12.6% R&D intensity, according to The 2017 Global Innovation 1000 ([https://www.strategyand.pwc.com/innovation1000 ) by Strategy&, the strategy consulting team at PriceWaterhouseCoopers LLP (PWC)..
The study lists the world's 1000 largest publicly listed corporate R&D spenders during the last fiscal year (by June 30, 2017). 125 Chinese companies are on the list, and 6 of them enter Top 100 this year.
It shows that ZTE’s accumulated R&D expenditure over the years has been up to 100 billion RMB. In recent years, ZTE keeps improving the competitiveness of next generation products through investment on 5G, IoT, network cloudization and other new technical deployments, spending more than RMB 10 billion on R&D in one year. According to the latest results report, ZTE has invested RMB 9.197 billion on R&D in the first 9 months of 2017.
With constant investment on R&D and continued innovation over the years, ZTE has been playing a leading role in the global telecommunications industry.
The company was ranked No. 1 in the World Intellectual Property Organization (WIPO)'s latest annual list for patent applications, reflecting the company's increased focus on research and development of next-generation technologies.
ZTE’s number of chip patents ranked 1st in China, IoT patents ranked 3rd in the world, and wireless charging ranked TOP 50 globally.
In the next generation 5G field, ZTE keeps boosting its technological leadership and accelerates its innovative cooperation with major operators in Europe. Recently, ZTE announced its collaboration with Orange Group in 5G innovation and its plan to build the first 5G pre-commercial network in Europe with Wind Tre and Open Fiber in Italy. In partnership with Telenet in Belgium, ZTE will build a 5G innovation center and completed the Europe’s first FDD Massive MIMO field test. Along with SoftBank in Japan, ZTE verified that Pre5G Massive MIMO single carrier peak is close to 1Gbps, and conducted a low-spectrum field test in Tokyo, initiating Smart Life strategic partnership.
In the next three years, by virtue of its leading position as a 5G pioneer, ZTE will focus on carrier markets and core businesses, unswervingly intensifying its R&D expenditure.to maintain its technological leadership. Meanwhile,ZTE will keep building up its core competitiveness in the main products and business, increasing the market shares of mainstream markets and products, and enhancing customer satisfaction to create a win-win relationship.
Sign up to receive TelecomTV's top news and videos, plus exclusive subscriber-only content direct to your inbox.