Qiao Xing Enters the Core Chip Technology Field

Qiao Xing Universal Telephone says that it will enter the core technology field of mobile communications by jointly developing GSM terminal core chips with an overseas mobile communications terminal technology R&D company.

Qiao Xing Universal, relying on the influence of Qiao Xing Group (one of China's Top 500 companies), and the growing reputation of it's subsidiary, CEC Telecom (CECT), has attracted a number of high-tech companies with strong R&D capabilities, to cooperate, aiming to increase the company's chances of success in one of the world's most competitive mobile markets, in terms of the number of mobile manufacturers and production costs.

Qiao Xing Mobile Communication Co., Ltd., subsidiary of Qiao Xing Universal, signed a letter of intent with an overseas mobile communications R&D and manufacturing enterprise on March 30, 2004, with the aim to develop quality, low-cost GSM terminal core chips to satisfy current demands in the China market. This overseas enterprise already has in place the required technology and R&D capacities to produce such low-cost GSM terminal core chips. This new partnership will solve the issue that China's mobile manufacturers are in need of, but not accessible to, low-cost GSM terminal core chips.

Mr. Wu Ruilin, chairman of Qiao Xing Universal, will follow the progress of this project to its end. It is scheduled that the first batch of GSM terminal core chips will be manufactured, for trial purposes, by CECT. Through the cooperation, Qiao Xing Universal's subsidiaries, like CECT, will be independent from overseas manufacturers on GSM terminal core chip technology. Products from these subsidiaries will thus become more competitive in the mobile communications terminal product market. The cooperation will also pave the way for CECT to penetrate into the Eastern European mobile market."

Posted to the site on 1st April 2004