By Greg Gao

(JW Insights) May 16 -- ZTE Microelectronics Technology, a subsidiary of China’s telecom giant ZTE Corporation, established a new semiconductor company in Chengdu, southwestern China’s Sichuan Province, with a registered capital of RMB100 million($14.3 million) recently, according to Tianyancha, a provider of Chinese corporation data and due diligence platform.

ZTE Microelectronics is the sole shareholder of the new company. Its business scope includes IC design and sales of related services and products, and artificial intelligence application software development.

Information on the official website of ZTE Microelectronics showed that the company has designed and mass-produced in-house chip products such as the ZX7520V3 series LTE multimode baseband chip with 28nm process technology for mobile devices, chips for fixed terminal and Ethernet interconnection wired products, and wireless solutions. 

ZTE Microelectronics was founded in 2003 and based in Shenzhen, specifically engaging in in-house chip research and development. In 2019-2020, ZTE Microelectronics ranked fifth among China’s domestic chip design companies. In September 2022, it was reported that ZTE Microelectronics would be spun off from ZTE Communication and initiate an IPO in the future.