CKTECH(Chinese:长焜科技), a developer of the technology platform in the communication field, bagged CNY 20 million from Series A financing round, invested by LingDu Capital.
CKTECH(Chinese:长焜科技), a developer of the technology platform in the communication field, bagged CNY 20 million from Series A financing round, invested by LingDu Capital.
CKTECH will build an assembly and production project of 5G communication equipment covering around 4,000 square meters in Xianyang, which will be used for the research and development, testing, assembly, storage and logistics of 5G communication products. It is expected to contribute about CNY 500 million in output value within three years after production. Doctoral workstations will also be set up.
Founded in 2019, CKTECH focuses on developing 4G/5G wireless technology. Now, they have built mature commercial wireless technology platforms, including base station platforms based on NXP ARM+SoC, core network platforms based on NFV technology and terminal platforms based on commercial modules. It provides an entire series of end-to-end customized products and industry solutions for the core network, base station, and terminal.
Qiao Ronggang, the CFO of CKTECH, said that the global 5G ecosystem still needs to mature and needs to go through a construction cycle of 5 to 10 years.
Today, global 5G construction is on the rise. According to the Global mobile Suppliers Association (GSA), by the end of December 2021, the number of global 5G commercial networks had reached 200, and 5G services had been launched in 78 countries and regions. China has built more than 1.4 million 5G base stations by the end of 2021, leading the world.
In the future, CKTECH will continue to invest in 5G communication and even 6G and 7G network product solution development and iteration upgrade. In 2023, CKTECH will start the construction of the second platform, build 5G base station products based on domestic chips, and promote the localization layout.
CKTECH's international competitors include Qualcomm(US) and WorldCom(US), and domestic ones include Z.K. Litecore (Chinese:中科光芯), ZTE(000063.SZ, Chinese:中兴), and HUAWEI(Chinese:华为).