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ZTE Corp has appointed Fang Rong as its new chairman, succeeding Li Zixue, as the company pivots towards an AI-focused strategy to combat declining revenue in its core carrier network business. Fang aims to transform ZTE into a “connectivity plus computing” enterprise, with a goal to enhance performance by 2025. Following the announcement, ZTE's stock saw a modest increase, with shares in Hong Kong rising by 1.89%.
The head of the FCC and the Senate Intelligence Committee are collaborating to persuade European telecoms to cease partnerships with Huawei, citing security risks linked to the Chinese government. Despite EU restrictions on high-risk suppliers, many member states have yet to implement bans, with concerns over costs and the quality of alternatives hindering progress.
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ZTE appoints new chairman to lead AI-focused transformation strategy
06:10 02.04.2025
US officials urge Europe to sever ties with Huawei over security risks
19:13 17.03.2025
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