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Subject:  TechFaith Wireless - China Date:  6/11/2005  12:00 PM
Author:  HOGridin Number:  3912 of 4031

Anyone have any experience or analysis on Techfaith Wireless?

Technology: Mobile handsets
Sector: Mobile Technology
Headquarters: Beijing, China

By 2008 more than 500 million Chinese will have mobile handsets, many of which will sport designs from Techfaith Wireless. Founded by former Motorola execs and backed by Intel's VC arm, Techfaith counts as clients eight of the top ten Chinese handset brands, and its reach extends far beyond the Great Wall: Kyocera, NEC, and UTStarcom also use its sleek designs. Revenues exploded from $9.7 million in 2003 to $46.6 million last year. Its proximity to manufacturing hubs and a seemingly bottomless pool of cheap engineering talent keep costs down and turnaround times short. That helps explain why the business has been profitable since 2003. Will investors have faith? We'll find out when Techfaith debuts on the Nasdaq this year. — Matthew Boyle
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