China Electronics Corporation Explained

China Electronic Corporation
Native Name:中国电子信息产业集团有限公司
Native Name Lang:zh
Type:State-owned
Key People:Rui Xiaowu (Chairman)
Zeng Yi (General manager)
Products:Computer Software, Enterprise Software/applications
Predecessor:Enterprises under the Ministry of Industry and Information Technology
Industry:Electronic information industry
Location:CEC GreatWall Tower A, Keyuan South Road, Nanshan District, Shenzhen, Guangdong, China
Owner:People's Republic of China
Revenue:CN¥216.21 billion（2017）[1]
Net Income:CN¥ 4.25 billion（2017）

China Electronics Corporation (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]

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.

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

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]

Notes and References

  1. Web site: 集团简介. 中国电子信息产业集团有限公司. 2018-08-09. 2018-08-09. https://web.archive.org/web/20180809122422/http://www.cec.com.cn/jtjj/list/index_1.html.
  2. http://www.zf.ro/business-hi-tech/chinezii-care-detin-divizia-de-mobile-a-philips-60-din-telefoanele-vandute-in-acest-an-in-romania-vor-fi-smart-13534779 Chinezii care deţin divizia de mobile a Philips: 60% din telefoanele vândute în acest an în România vor fi smart
  3. Web site: 29 October 2019. China Electronics Corporation. live. https://web.archive.org/web/20200317193259/https://unitracker.aspi.org.au/universities/china-electronics-corporation/. 2020-03-17. 2020-08-29. Chinese Defence Universities Tracker. Australian Strategic Policy Institute. en-au.
  4. Web site: 2020-08-28. DOD Releases List of Additional Companies, in Accordance with Section 1237 of FY19 NDAA. live. https://web.archive.org/web/20200828202045/https://www.defense.gov/Newsroom/Releases/Release/Article/2328894/dod-releases-list-of-additional-companies-in-accordance-with-section-1237-of-fy/. 2020-08-28. 2020-08-29. U.S. Department of Defense. en-US.
  5. http://www.zf.ro/zf-24/vanzarile-de-telefoane-mobile-philips-in-romania-10-000-de-unitati-in-6-luni-12608498 Vânzările de telefoane mobile Philips în România: 10.000 de unități în 6 luni
  6. http://www.zf.ro/zf-24/philips-se-retrage-din-productia-de-telefoane-mobile-2875056 Philips se retrage din productia de telefoane mobile
  7. http://www.capital.ro/smartphone-ul-minune-creat-de-chinezi-dar-care-poarta-numele-unui-gigant-european-184588.html Smartphone-ul minune creat de chinezi, dar care poartă numele unui gigant european
  8. http://cincodias.com/cincodias/2001/06/27/empresas/993649205_850215.html Philips cierra su fábrica de teléfonos móviles y lleva la producción a China
  9. http://www.zf.ro/zf-news/romania-prima-tara-din-ue-in-care-chinezii-care-au-preluat-philips-aduc-telefoane-mobile-11762872/ România, prima țară din UE în care chinezii care au preluat Philips aduc telefoane mobile
  10. Web site: August 28, 2020. DOD Releases List of Additional Companies, in Accordance with Section 1237 of FY19 NDAA. live. https://web.archive.org/web/20200830192407/https://www.defense.gov/Newsroom/Releases/Release/Article/2328894/dod-releases-list-of-additional-companies-in-accordance-with-section-1237-of-fy/. 30 August 2020. 30 August 2020. U.S. Department of Defense.
  11. Web site: August 28, 2020. Qualifying Entities Prepared in Response to Section 1237 of the National Defense Authorization Act for Fiscal Year 1999 (PUBLIC LAW 105–261). live. https://web.archive.org/web/20200828202056/https://media.defense.gov/2020/Aug/28/2002486689/-1/-1/1/LINK_1_1237_TRANCHE-23_QUALIFYING_ENTITIES.PDF. 28 August 2020. 30 August 2020. U.S. Department of Defense.
  12. News: Chen. Shawna. November 12, 2020. Trump bans Americans from investing in 31 companies with links to Chinese military. Axios. November 12, 2020. October 28, 2021. https://web.archive.org/web/20211028203620/https://www.axios.com/china-military-trump-investments-ban-a0458e29-2245-4bde-920b-d1c6bc698370.html. live.
  13. News: Pamuk. Humeyra. Alper. Alexandra. Ali. Idrees. 2020-11-12. Trump bans U.S. investments in firms linked to Chinese military. en. Reuters. 2020-11-12. 2021-10-28. https://web.archive.org/web/20211028175811/https://www.reuters.com/article/us-usa-china-securities-exclusive-idUSKBN27S2X3. live.

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