ZTE has unveiled the new ZTE’ U950 smartphone with 1.3GHz Tegra 3 chip inside in China. The phone only costs 999 yuan ($160) for a quad-core phone. The phone features a 4.3-inch display, 1GB of RAM, 4GB internal storage and a 2,000mAh battery. The phone also includes 5 megapixel camera in the back and VGA front-facing camera for video chat and runs on Android 4.0. The smartphone is worth when it comes to 1.3GHz Tegra 3 chip inside.