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ZTE To Buy At Least US$5 Billion Worth Of Chipsets From Qualcomm, Broadcom

HONG KONG -(Dow Jones)- ZTE Corp. (ZTCOY, 000063.SZ, 0763.HK) has agreed to buy at least US$5 billion worth of chipsets from U.S.-based Qualcomm Inc. (QCOM) and Broadcom Corp. (BRCM) over the next few years, China's second-largest telecom equipment maker said Monday. ZTE has signed a framework agreement to buy at least US$4 billion worth of chipsets from Qualcomm, which makes chipsets and other technology used in wireless phones, between 2012 and 2015. It also agreed to buy at least US$1 billion worth of chipsets from California-based Broadcom over between 2012 and 2014, the Hong Kong and Shenzhen-listed equipment maker said in a statement. -By Joanne Chiu, Dow Jones Newswires; 852-2802-7002; joanne.chiu@dowjones.com

Stock News for Broadcom (BRCM)
DateTimeHeadline
07/27/201508:00:00Broadcom Announces Scalable 25/50G Ethernet Controller Product...
07/20/201520:40:24Qualcomm to Conduct Strategic Review, May Consider Breakup
07/06/201516:36:44Statement of Changes in Beneficial Ownership (4)
06/29/201519:48:10Statement of Changes in Beneficial Ownership (4)
06/25/201508:00:00Broadcom Expands Strategic Collaborations in China
06/17/201517:04:18Filing of Certain Prospectuses and Communications in Connection...
06/13/201514:19:035 Gadgets Under $100 That Will Blow Your Mind
06/12/201517:35:41Statement of Changes in Beneficial Ownership (4)
06/10/201510:11:53These Stocks Just Raised Their Dividends
06/10/201508:00:00Broadcom Extends Mass Market Distribution Strategy to Include...
06/09/201508:10:00Broadcom Delivers Multi-Channel DVB-S2X Satellite Set-Top Box...
06/09/201508:05:00Broadcom Announces Industry's First Multi-Gigabit Set-Top Box...
06/09/201508:00:00Broadcom Leads Ultra HD Performance with Next-generation Chip
06/08/201519:02:27Statement of Changes in Beneficial Ownership (4)
06/08/201508:00:00Broadcom Licenses MIFARE
06/05/201517:31:33Filing of Certain Prospectuses and Communications in Connection...
06/05/201517:18:33Filing of Certain Prospectuses and Communications in Connection...
06/04/201517:21:48Filing of Certain Prospectuses and Communications in Connection...
06/04/201509:05:02Why Sierra Wireless, Inc Stock Fell 13% in May
06/04/201508:33:23Filing of Certain Prospectuses and Communications in Connection...

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