Number of global 5G orders is refreshed again 5G giants catch up and win 55 contracts
Recently, according to multiple media reports, Huawei’s chip plight may be about to usher in a turning point. According to sources quoted by the Financial Times, the US Department of Commerce stated that it will allow more chip companies to supply Huawei, provided that the chip function can prove that the chip will not be used for Huawei’s 5G business.
Regardless of whether the United States may relax its ban on Huawei, it can be seen from the above news that the United States is deeply afraid of Huawei’s 5G.
Since 2018, the United States has begun to spread rumors such as “Huawei 5G equipment will threaten national security” in the global market, but this has not had much impact on Huawei, which has absolute 5G technological advantages.
Therefore, there are subsequent levels of restrictions. At the same time, US government personnel are also very hard to lobby countries, trying to persuade or even threaten certain countries to give up cooperation with Huawei.
Due to the greater sanctions, Huawei has never updated this result since the announcement of 91 5G commercial contracts. Huawei was trapped to give other communication equipment suppliers a chance to overtake.
The two European telecommunications giants Ericsson and Nokia quickly seized the market. Chinese technology company ZTE is also catching up. The number of global 5G orders has been refreshed recently.
According to known data, Ericsson has obtained 112 5G commercial contracts, becoming the new global 5G hegemon; Nokia has 101 5G orders. As for the Chinese 5G giant ZTE, it has continued to win 55 5G contracts .
In addition, while announcing the latest results of the number of 5G orders, ZTE also announced its revenue report for the first three quarters of 2020.
The report shows that ZTE achieved operating income of 11.5 billion USD from January to September 2020, an increase of 15.4% compared to the same period in 2019.
It can be seen that ZTE, which was also sanctioned by the United States and paid a heavy price for it, finally succeeded in making a comeback with the help of 5G after a year of recklessness.
And had not mastered the core technology since the disastrous ZTE, has been able to stand up, mainly because the company has to learn, pay attention to the core technology research and development and acquisition of intellectual property rights .
In 2019, ZTE continued to increase its R&D investment. In 2020, while facing severe challenges such as the Coronavirus Pandemic and the complex international situation, ZTE will still maintain a relatively high R&D investment.
Data show that in the first three quarters of 2020, ZTE’s total investment in research and development reached 10.79 billion yuan, about warfare 14.6% of total revenue, rose 15.3%.
Furthermore, in addition to continuously increasing R&D investment, ZTE, a veteran Chinese giant, also has a certain technology and channel foundation.