TechFaith Reports 1Q2011 Revenue Increases 29% Compared to 1Q2010; Gross Margin Improves to 32%; Net Income up 94% Compared to 1Q2010

/PRNewswire via COMTEX/ -- China TechFaith Wireless Communication Technology Limited /quotes/comstock/15*!cntf/quotes/nls/cntf CNTF -0.35% ("TechFaith" or the "Company") today announced unaudited financial results for the first quarter ended March...