China's Zoom Inks Licensing Pact with Qualcomm for 3G Phones

In a statement, said Derek Aberle, executive vice president and president of Qualcomm Technology Licensing, "Qualcomm and Zoom Technologies both share a strong commitment to R&D and are dedicated to driving the wireless industry forward in China and around the world." "This agreement enables them to develop, manufacture and sell advanced 3G products, greatly enhancing Zoom's competitive position in the global wireless landscape," added Aberle.

Likewise, in another statement, Zoom Technologies’ chairman and chief executive officer Leo Gu commented, "This agreement with Qualcomm is an enormous step towards our advancement in the 3G market, enabling us to produce the latest products for the dynamic Chinese market." He added, " Zoom's wholly owned subsidiary Nollec Wireless, a mobile phone and wireless communication design company, will operate under the license.”

Zoom Technologies is a major supplier of cell phones to Chinese carriers such as China Mobile, China Unicom  and China Telecom.