GUANGZHOU -- China's ZTE is staging a swift comeback after the lifting of U.S. sanctions that nearly drove the company out of business, launching the nation's first smartphone for fifth-generation networks and racking up overseas orders for communications equipment.
ZTE released China's first 5G-compatible smartphone Monday equipped with semiconductors from U.S. chipmaker Qualcomm, a launch that became possible after the lifting of U.S. sanctions. It has also formed tie-ups in 5G with over 60 global telecommunications providers.
