German computer chipmaker Infineon Technologies AG said Thursday it has signed a letter of intent with telecoms company Huawei Technologies of China for an order worth $68 million (euro52 million).
Infineon said it will supply Huawei's wireline and wireless communications phone systems business, allowing Huawei to deliver more advanced systems to the telecoms market. Delivery of some of the products has already started, with the rest expected to be delivered this year.
"Huawei and Infineon are maintaining a very positive and long lasting business …
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