TechFaith and BEIID to Establish Joint Venture Company For Development of Production Line in Beijing

BEIJING, May 16, 2011, /PRNewswire-Asia/ -- China TechFaith Wireless Technology Limited (NASDAQ: CNTF) ("TechFaith") today announced it will establish a joint venture company with Beijing E-town International Investment and Development Co Ltd ("BEIID"), a PRC stated owned investment and financing co

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