News Snapshot:
As US crackdown continues to hobble Huawei Technologies, its biggest domestic rival ZTE has been quietly boosting its chip design capabilities. Sources are indicating that ZTE has been developing its own base station processors and tapping TSMC’s advanced technologies for chip manufacturing and packaging. While trade tensions between the US and China were intensifying over the last couple of years, impacting especially Chinese telecoms giant Huawei Technologies Co Ltd, China’s second largest telecommunications equipment maker ZTE were busy ramping up efforts to improve its tech capabilities. Especially since Huawei’s crackdown has become a central part of Washington and Beijing’s turf...
