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ZTE Surges On Global 6G Principles Endorsement By U.S. Allies 

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ZTE's Shenzhen-listed shares reached their daily limit, surging 10% as U.S. allies endorse principles in a joint statement for the global network development of 6G networks. 

Image Source: Bloomberg
ZTE’s Shenzhen-listed shares reached their daily limit, surging 10% as U.S. allies endorse principles in a joint statement for the global network development of 6G networks. 
Image Source: Bloomberg 

ZTE and other Chinese telecom equipment manufacturers experienced a significant surge in shares following a joint statement by countries like the U.S., Japan, and the U.K., endorsing principles for the global development of 6G networks. ZTE’s Shenzhen-listed shares reached their daily limit, rising by 10%, while its Hong Kong shares marked an 11% increase on Tuesday. Other companies, including Sunshine Global Circuits and Shaanxi Huada Science Technology, saw notable gains of 20%, and Shennan Circuits rose by 10%. 

This boost followed a statement from the U.S. and nine other nations, advocating for principles related to national security, privacy, and more in the 6G network development.   

“We believe this to be an indispensable contribution towards building a more inclusive, sustainable, secure, and peaceful future for all, and call upon other governments, organizations, and stakeholders to join us in supporting and upholding these principles,” the statement said. 

The countries pledged to promote related policies and “advance the research and development and standardization of 6G networks.” 

The International Telecommunication Union of the United Nations aims to approve a set of 6G technology standards by 2030, envisioning a next-generation wireless network with multidimensional sensing and artificial intelligence capabilities for near real-time connections. 

ZTE has actively delved into 6G technologies, publishing papers on various application scenarios. As 6G advances through standard formulation and prototype testing, a recent research note from China Galaxy Securities highlights those countries with core advantages in previous-generation technology, such as China, are poised to attain further technological leadership in the upgrade from existing networks. 

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