China Electronics Corporation

China Electronics Corporation (Chinese: 中国电子信息产业集团; pinyin: Zhōngguó diànzǐ xìnxī chǎnyè jítuán, CEC) is a Chinese state-owned company and one of the largest producers of telecom equipment in China for both civilian and military purposes.^[2][3][4]

China Electronic Corporation

Native name	中国电子信息产业集团有限公司
Company type	State-owned
Industry	Electronic information industry
Predecessor	Enterprises under the Ministry of Industry and Information Technology
Founded	1989 (1989)
Headquarters	CEC GreatWall Tower A, Keyuan South Road, Nanshan District, Shenzhen, Guangdong, China
Key people	Rui Xiaowu (Chairman) Zeng Yi (General manager)
Products	Computer Software, Enterprise Software/applications
Revenue	CN¥216.21 billion（2017）[1]
Net income	CN¥ 4.25 billion（2017）[1]
Owner	People's Republic of China
Website	www.cec.com.cn

History

CEC acquired the mobile phone division of Philips in 2007.^[5][6] At the time, the Philips division had an annual revenue of 400 million euros and 240 employees.^[7] CEC received the right to sell mobile phones under Philips license.^[7]

Philips already moved its mobile phones production in China in 2001, when the production, research and development of mobile phones was taken by a joint-venture of Philips and China Electronics Corporation.^[8] Romania was the first country in the European Union where such mobile phones were sold since 2013, until then the phones were available only in the BRIC states (Brazil, Russia, India and China).^[9]

U.S. investment prohibition

Further information: United States sanctions against China

In August 2020, the United States Department of Defense published the names of companies with links to the People's Liberation Army operating directly or indirectly in the United States. CEC was included on the list.^[10][11] In November 2020, Donald Trump issued an executive order prohibiting any American company or individual from owning shares in companies that the U.S. Department of Defense has listed as having links to the People's Liberation Army, which included CEC.^[12][13]

References

1. "集团简介". 中国电子信息产业集团有限公司. Archived from the original on 2018-08-09. Retrieved 2018-08-09.
2. Chinezii care deţin divizia de mobile a Philips: 60% din telefoanele vândute în acest an în România vor fi smart Archived 2014-11-12 at the Wayback Machine, 12 November 2014, Ziarul financiar, retrieved at 12 November 2014
3. "China Electronics Corporation". Chinese Defence Universities Tracker. Australian Strategic Policy Institute. 29 October 2019. Archived from the original on 2020-03-17. Retrieved 2020-08-29.
4. "DOD Releases List of Additional Companies, in Accordance with Section 1237 of FY19 NDAA". U.S. Department of Defense. 2020-08-28. Archived from the original on 2020-08-28. Retrieved 2020-08-29.
5. Vânzările de telefoane mobile Philips în România: 10.000 de unități în 6 luni Archived 2014-11-12 at the Wayback Machine, 11 May 2014, Ziarul financiar, retrieved at 12 November 2014
6. Philips se retrage din productia de telefoane mobile Archived 2014-11-12 at the Wayback Machine, 12 October 2006, Ziarul financiar, retrieved at 12 November 2014
7. Smartphone-ul minune creat de chinezi, dar care poartă numele unui gigant european Archived 2014-11-12 at the Wayback Machine, 26 July 2013, Bogdan Biszok, Capital, retrieved at 12 November 2014
8. Philips cierra su fábrica de teléfonos móviles y lleva la producción a China Archived 2016-03-03 at the Wayback Machine, 27 June 2001, Inés Abril, Cincodias.com, retrieved at 12 November 2014
9. România, prima țară din UE în care chinezii care au preluat Philips aduc telefoane mobile Archived 2014-11-12 at the Wayback Machine, 12 December 2013, Ziarul financiar, retrieved at 12 November 2014
10. "DOD Releases List of Additional Companies, in Accordance with Section 1237 of FY19 NDAA". U.S. Department of Defense. August 28, 2020. Archived from the original on 30 August 2020. Retrieved 30 August 2020.
11. "Qualifying Entities Prepared in Response to Section 1237 of the National Defense Authorization Act for Fiscal Year 1999 (PUBLIC LAW 105–261)" (PDF). U.S. Department of Defense. August 28, 2020. Archived (PDF) from the original on 28 August 2020. Retrieved 30 August 2020.
12. Chen, Shawna (November 12, 2020). "Trump bans Americans from investing in 31 companies with links to Chinese military". Axios. Archived from the original on October 28, 2021. Retrieved November 12, 2020.
13. Pamuk, Humeyra; Alper, Alexandra; Ali, Idrees (2020-11-12). "Trump bans U.S. investments in firms linked to Chinese military". Reuters. Archived from the original on 2021-10-28. Retrieved 2020-11-12.

External links

• Official website