PMC-Sierra Named Best Global Supplier by ZTE Corporation

9/5/2002 - PMC-Sierra has been named a "Best Global Partner 2001" by ZTE Corporation. PMC-Sierra was selected because its technology has significantly contributed to ZTE's customers' satisfaction worldwide. ZTE Corporation is China's largest listed telecom manufacturer specializing in providing customized network solutions to telecom carriers worldwide.

PMC-Sierra was awarded this recognition because of its cutting-edge technologies and products that accelerate time-to-market, maximize the quality of ZTE's networking equipment and provide comprehensive and responsive technical support. The Best Global Partner award will reinforce the significant business potential between the two companies in the future.

ZTE has more than 13,000 staff in over 50 counties worldwide. The company develops and manufactures telecommunication equipment for fixed networks, mobile networks, data communication networks, optical transport networks, intelligent networks and next-generation networks. ZTE generated revenue worth USD 1.12 billion in 2001. At present, ZTE owns 12 R&D Centers in China, the United States and Korea.

"The ZTE Best Global Partner award confirms our confidence in PMC-Sierra's products and technical support," said Qiu Weizhao, vice president at ZTE Corporation. "To maintain a leadership in China, it is important for us to work with best-in-class suppliers, like PMC-Sierra, to deliver reliable systems to our customers."

"PMC-Sierra is proud to be named a Best Global Partner by ZTE. As one of our major customers, we appreciate ZTE's recognition of our contributions to its continued success. We are committed to providing superior technology, value, flexibility and responsiveness to our customers," said Tom Sun, PMC-Sierra's vice president, Asia Pacific operations.

Currently, PMC-Sierra is supplying technologies for ZTE's Broadband Access, 3G Wireless, Router and SDH products that are deployed in network core, edge and access areas around the world.

About PMC-Sierra (
PMC-Sierra is a leading provider of high speed broadband communications semiconductors and MIPS-based processors for Enterprise, Access, Metro Optical Transport, Storage Area Networking and Wireless network equipment that makes up the backbone of the Internet. The company offers worldwide technical and sales support, including a network of offices throughout North America, Europe and Asia. PMC-Sierra is included in the S&P 500 Index which consists of 500 stocks chosen for market size, liquidity, and industry group representation and in the Nasdaq-100 Index (NDX) which contains the largest non-financial companies on the Nasdaq Stock Market. The company is publicly traded on the Nasdaq Stock Market under the PMCS symbol.

About ZTE (
ZTE Corporation is a globally operating telecommunications equipment manufacturer. Listed on the Shenzhen Stock Exchange in 1997, the company initially specialized in customized network solutions for telecom carriers worldwide. Today, ZTE develops and manufactures telecommunications equipment for fixed, mobile, data and optical networks, intelligent networks and next generation networks. ZTE Corporation, based in Shenzhen, China, comprises 12 institutes and 13 holding companies in all parts of the world, employing around 13,000 people. In the financial year 2001, the company generated revenue worth USD 1.12 billion.

PMC-SierraTM is a trademark of PMC-Sierra, Inc.

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