China Mobile, Qualcomm and ZTE reach a partnership, 5G network chip will be launched next year

5G infrastructure is being deployed around the world. According to reports, ZTE may launch 5G services by 2019 and is currently developing supporting chips.

Recently, China Mobile, Qualcomm and ZTE have recently entered into a partnership to jointly develop the next generation of smart phone technology standards, achieve seamless, ultra-high-speed communications, enabling driverless cars, virtual reality education and nationwide medical services. may.

China Mobile, Qualcomm and ZTE reach a partnership, 5G network chip will be launched next year

China is the country with the largest population and the largest number of Internet users in the world. China is facing a huge bet: The widespread launch of 5G mobile infrastructure by the three major telecom network operators will promote China's rapid digital transformation, making a large number of advanced applications and services in science fiction a reality decades ago.

Shenzhen-based ZTE Corporation and its rival company Huawei Technologies Co., Ltd. are one of the world's largest suppliers of telecommunications equipment and are currently leading the development and industrialization of 5G related technologies in mainland China.

International agencies that oversee the development of unified standards for 5G mobile technology are expected to release initial specifications next year and final specifications in 2019. This will pave the way for the commercial deployment of 5G services for mobile network operators in 2020.

China's opportunities to lead global innovation may depend on the development of 5G mobile technology.

At the Global 5G Conference held in Hong Kong on the 29th, ZTE’s senior vice president said: “China Mobile may launch 5G services ahead of schedule in 2019, as it is actively promoting China’s next-generation mobile network.”

In the second half of this year, ZTE established a 5G network at Guangzhou University to test the future network. The ZTE executives said that chips for 5G networks may be launched next year, and the first batch of 5G phones may be available later.

China and the rest of the world are preparing for the deployment of 5G infrastructure. ZTE, Huawei and its overseas competitors Ericsson and Nokia bear huge risks.

Edison Lee, a securities analyst at Jefferies, recently pointed out that the smart city plan in mainland China will benefit from the future of high-speed 5G mobile networks, "using artificial intelligence for public safety management, traffic management and disasters." Management, and China's major Internet companies will also introduce more advanced consumer services.

Li pointed out that ZTE and privately held Huawei are expected to benefit the most from the government's 5G fiscal expenditure.

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