While the industry's focus is on Nokia Nokia, the global mobile phone giant's annual Nokia World Congress, Nokia's plant in Europe, an important factory in Romania, is facing the fate of being acquired.
According to overseas media reports, currently the largest pharmaceutical manufacturer in India, Ranbaxy Labs, and China's telecom equipment maker, ZTE, are competing for the acquisition of the above-mentioned factories to separate their markets in Europe.
Yesterday (October 26th), an unnamed senior executive from ZTE disclosed to the reporter of “Daily Economic News†that ZTE had already had the determination to open up the Eastern European market long before and planned to be in the first half of 2012. Romania established a mobile phone assembly line. Currently, ZTE is actively promoting the acquisition and hopes to use the Nokia factory to set up a smart phone assembly line to expand ZTE's market in Eastern Europe. However, it declined to disclose the details of the acquisition negotiations and the amount involved in the transaction.
Relevant data show that the Nokia mobile phone manufacturing plant in Romania was established in 2008 to produce mobile phones and mobile phone parts for the European, Middle East and African markets, with a total investment of 120 million euros (about 174 million U.S. dollars).
According to the "Daily Economic News", ZTE's 2011 series of adjustments is an important part of the transformation of terminal services to smart terminals to further enhance its market share in Europe and optimize product distribution, in order to enhance the overall profitability of the terminal business .
It is reported that the high-end mobile phone product Skate4.3 of ZTE has currently been listed in the United Kingdom, France, and Spain, but it has not been introduced domestically.
According to ZTE, its products are mainly targeted at the entry terminal areas of 2G and 3G. It is estimated that in 2012, ZTE's Romanian plant will produce 350,000 to 500,000 terminals, focusing on the production of Skate 4.3 and Blade2 mobile phones. At the same time, it hopes to use this factory to produce TV products.
At the same time, Nokia declined to comment on the acquisition.
According to overseas media reports, currently the largest pharmaceutical manufacturer in India, Ranbaxy Labs, and China's telecom equipment maker, ZTE, are competing for the acquisition of the above-mentioned factories to separate their markets in Europe.
Yesterday (October 26th), an unnamed senior executive from ZTE disclosed to the reporter of “Daily Economic News†that ZTE had already had the determination to open up the Eastern European market long before and planned to be in the first half of 2012. Romania established a mobile phone assembly line. Currently, ZTE is actively promoting the acquisition and hopes to use the Nokia factory to set up a smart phone assembly line to expand ZTE's market in Eastern Europe. However, it declined to disclose the details of the acquisition negotiations and the amount involved in the transaction.
Relevant data show that the Nokia mobile phone manufacturing plant in Romania was established in 2008 to produce mobile phones and mobile phone parts for the European, Middle East and African markets, with a total investment of 120 million euros (about 174 million U.S. dollars).
According to the "Daily Economic News", ZTE's 2011 series of adjustments is an important part of the transformation of terminal services to smart terminals to further enhance its market share in Europe and optimize product distribution, in order to enhance the overall profitability of the terminal business .
It is reported that the high-end mobile phone product Skate4.3 of ZTE has currently been listed in the United Kingdom, France, and Spain, but it has not been introduced domestically.
According to ZTE, its products are mainly targeted at the entry terminal areas of 2G and 3G. It is estimated that in 2012, ZTE's Romanian plant will produce 350,000 to 500,000 terminals, focusing on the production of Skate 4.3 and Blade2 mobile phones. At the same time, it hopes to use this factory to produce TV products.
At the same time, Nokia declined to comment on the acquisition.
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