Written by Sherry Chin
Shares of ZTE and other Chinese telecommunications equipment makers soared after countries including the United States, Japan and the United Kingdom issued statements supporting the principles for the development of a global 6G network.
ZTE’s Shenzhen-listed shares rose 10%, the day’s maximum, while Hong Kong shares ended 11% higher on Tuesday. Shares of integrated circuit board maker Sunshine Global Circuits and electronic connector maker Shaanxi Huada Technology each rose 20%, while Shenan Circuits also rose 10%.
This rise came shortly after the United States and nine other countries released a statement calling for support for national security, privacy and other principles in the development of global 6G networks.
“We believe this is an essential contribution to building a more inclusive, sustainable, secure and peaceful future for all, and we urge other governments, organizations and stakeholders to uphold these principles. We invite you to join us in supporting and preserving the…
Encouraging the adoption of related policies in our country and other countries, he said, “We will advance research and development and standardization of 6G networks.”
The United Nations’ International Telecommunications Union said in December that it hoped to approve a set of 6G technology standards by 2030. He said next-generation wireless networks are expected to integrate multidimensional sensing capabilities and artificial intelligence capabilities to create new digital technologies. Infrastructure that enables near real-time connectivity.
ZTE is actively researching 6G technology and has published papers on 6G application scenarios.
China Galaxy Securities said in a recent research note that 6G is currently at the standard development and prototype testing stage. When upgrading from existing networks, countries with “core advantages in previous generation technologies,” such as China, are likely to “achieve further technological leadership,” the report said.
Email Sherry Qin at sherry.qin@wsj.com.
(Ended) Dow Jones News
February 27, 2024 06:17 ET (11:17 GMT)
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