ZTE, Sany Partner on 5G for Smart Manufacturing
Date:2019-05-05 15:51:40 Posted by:Rachel Zhu View:338The year 2018 was not a very good one for ZTE Corporation, a major international provider of telecommunications, enterprise, and consumer technology solutions for the Mobile Internet.
The U.S. government hit hard on the Chinese company. However, ZTE is now showing its strength and commitment. For ZTE, it's now business as usual and working hard toward digital transformation.
"ZTE is committed to 5G technological innovation for digital transformation push." - ZTE CTO Wang Xiyu
The Phoenix never dies
Just like the mythological creature that rises again from its ashes, ZTE is the kind of company that consistently rises out of whatever ashes, and has a fresh new life to live. That's what the Chinese company is made of.
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The fiscal year 2018 was by far the worst period for the operations of the Chinese giant electronics manufacturer after the United States government pushed ZTE to the verge of bankruptcy.
The U.S. Department of Commerce came very close to putting ZTE out of business for good; as a consequence, the company's revenues dropped by nearly 21,5 percent annually losing a fifth of its business in a single year.
Despite all the bad experiences and the fact that the fate of the company's American arm remains highly uncertain, ZTE is now ready to return to financial stability, as it was confirmed by the Shenzen-based firm. The Phoenix never dies. It only gets stronger with every new rise.
More information : https://interestingengineering.com/zte-sany-partner-on-5g-for-smart-manufacturing
