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]