China TechFaith Wireless Communication wins ODM business
China TechFaith Wireless Communication Technology Ltd. (Nasdaq: CNTF), an original design product provider focused on research and development of cell phones, said today that a “famous” Japanese original equipment manufacturer has awarded the Chinese small cap original design manufacturer business.
Under the terms of the contract, the Japanese OEM will make an initial purchase of approximately 50,000 hybrid HSDPA data/voice cards from TechFaith.
The two companies have previously worked together on a handset design.
Shares of China TechFaith Wireless Communication (CNTF) gained 6.47%, or $0.37, to $6.09 ahead of the opening. Shares of China TechFaith Wireless Communication have been trading in the range of $4.01 to $11.28 for the past 52 weeks.
