CDMA is a new generation of mobile communication network under construction in China. Through this acquisition, Huali entered the cutting-edge field of collection production in one fell swoop. At the same time, it is stated that it will not make finished mobile phones, and only provide dedicated chips and complete technical solutions for mobile phone manufacturers. It is planned to form a strategic alliance with 18 domestic CDMA mobile phone manufacturers.
The large-scale acquisition in the core technology field shows that Huali Group is entering the mobile communication industry at a high starting point and high level, and also shows Huali's strategic vision. Huali plans to independently package Huali Communication Group into a high-tech company controlled by Huali Group and listed on NASDAQ in the United States in two years after absorbing Fengxian funds. The acquisition has aroused widespread concern in the domestic industry, and CDMA mobile phone manufacturers such as Bird and ZTE welcomed it at the first time. At the same time, American companies and Wall Street are also surprised. Fortune magazine had a five-hour interview with Mr. Li, who was fully engaged in the whole acquisition process. Therefore, in the impression of Fortune magazine, China enterprises have cooperated with foreign enterprises, but most of them import all kinds of equipment and production lines from China. It is rare to completely buy such pure technology companies, especially giant users who are at the forefront in the world communication field. To Fortune's surprise, the seller is Philips, a world-renowned company with a history of 100 years, and the buyer is a private enterprise in Zhejiang, China.