Chinese telecommunications vendor ZTE has recorded a phenomenal financial result for 2017 which has seen its net profit increase by almost 300%. ZTE issued its earning guidance for the last twelve months which indicated a staggering 293% increase from 2016 which was based on a preliminary financial statement.

Read more: ZTE’s investment in its operator network pays off as net profits increase by 300%

Qualcomm and Samsung have strengthened their relationship, which could help the mobile chipmaker fend off its antitrust case in South Korea. As part of an expanded cross-license agreement, Samsung “will be withdrawing its interventions” into Qualcomm’s appeal against an $868 million fine announced in 2016 over what the Korean Fair Trade Commission (KFTC) deemed “excessive” licensing fees.

Read more: Qualcomm fends off Korea antitrust woes with Samsung backing

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