ZTE isn't giving up on the U.S.
The Chinese telecommunications giant promised to grow its investment here by 10 percent annually as it looks to smooth over security concerns expressed by the U.S. government. ZTE's head of North America, Lixin Cheng, made the comment during a conference in Atlanta, which ZTE distributed as a statement.
"Put simply, we believe Chinese investment in the U.S. is beneficial for businesses in both countries," Cheng said in his remarks.
ZTE, alongside fellow Chinese company Huawei, faces scrutiny over whether its expansion here poses security risks. The … Read more