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.Chinezii care deţin divizia de mobile a Philips: 60% din telefoanele vândute în acest an în România vor fi smart , 12 November 2014, Ziarul financiar, retrieved at 12 November 2014
History CEC acquired the mobile phone division of Philips in 2007.Vânzările de telefoane mobile Philips în România: 10.000 de unități în 6 luni , 11 May 2014, Ziarul financiar, retrieved at 12 November 2014Philips se retrage din productia de telefoane mobile , 12 October 2006, Ziarul financiar, retrieved at 12 November 2014 At the time, the Philips division had an annual revenue of 400 million euros and 240 employees.Smartphone-ul minune creat de chinezi, dar care poartă numele unui gigant european , 26 July 2013, Bogdan Biszok, Capital, retrieved at 12 November 2014 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.Philips cierra su fábrica de teléfonos móviles y lleva la producción a China , 27 June 2001, Inés Abril, Cincodias.com, retrieved at 12 November 2014 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).România, prima țară din UE în care chinezii care au preluat Philips aduc telefoane mobile , 12 December 2013, Ziarul financiar, retrieved at 12 November 2014 In 2012, CEC acquired a stake in the Brazilian company H‑Buster, known for manufacturing car audio equipment, televisions, and computers. Founded in 1997 by Guilherme Ho Yi, H‑Buster experienced significant growth in the domestic market, becoming a major player in car audio systems and LCD televisions. The partnership with CEC aimed to strengthen local production and expand the product portfolio, leveraging the industrial facilities in the Manaus Free Trade Zone and the headquarters in Cotia, São Paulo. However, financial difficulties and a market downturn led H‑Buster to file for judicial recovery in 2013. Despite efforts to revive operations, the brand eventually ceased its activities in the following years.
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. 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.
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