China TechFaith Wireless Communication Technology Limited



Quote for China TechFaith Wireless Communication Technology Limited

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CNTF
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NASDAQ
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Quote Delayed 15 Min.
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Summary for China TechFaith Wireless Communication Technology Limited

China Techfaith Wireless Communication Technology Limited (TechFaith), incorporated on June 25, 2004, is a holding company. TechFaith is a China-based original developed products (ODP) provider focused on the design and development of handsets and sales of finished products to its local and international customers. During the year ended December 31, 2009, the Company's business consisted of three areas: sales of products, handset design services and game business. In May 2010, the Company sold 49% equity interest of its wholly owned subsidiary, Time Spring Limited (Time Spring) to Billion Team Asia Limited (Billion Team). On February 10, 2010, the Company obtained control of QIGI&BODEE Technology (Beijing) Co., Ltd (QIGI Technology).