Carriers Evaluating Ties to ZTE Amid US Ban

May 12, 2018, 11:17
Carriers Evaluating Ties to ZTE Amid US Ban

ZTE, one of China's leading technology companies, has announced it will end "major operations", after the US government barred American firms from doing business with the telecom equipment maker.

A United States delegation travelled to Beijing last week to discuss the brewing trade conflict with their Chinese counterparts.

The Commerce Department slapped ZTE with a seven-year sales ban in a case involving exports of telecom gear to Iran and North Korea.

The firm's products depended on American chips and other components and is unable to continue operating without key supplies.

The Presidential Memorandum also claimed that China "directs and facilitates" the investment in and acquisition of USA companies for technology transfer purposes according to the Chinese government's plans.

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Reeves argued that because Tutankhamun died unexpectedly that he was hurriedly buried in the outer chamber of Nefertiti's tomb. Experts used ground penetrating radar (GPR) to arrive at the "conclusive evidence", the ministry said in a statement.

The legislation would bar the USA government or contractors from purchasing telecommunications equipment or services Huawei Technologies Co Ltd and ZTE Corp, Chinese companies that are among the world's major telecommunications equipment manufacturers.

"Otherwise, we will kill you".

"The company started building its own OS after a U.S. investigation into Huawei and in 2012". The firm pleaded guilty to the charges in March previous year and was hit with $1.2 billion in fines. A host of big technology companies in China are racing to build out this network, sparking concerns from US officials that a shifting reliance on technology developed outside of the USA could empower Beijing to hack or spy on American businesses and other institutions.

In Beijing, officials see the ban as part and parcel of the Trump administration's hardline trade demands.

"If the trade problems aren't resolved, and a full-scale trade war erupts, these high-tech companies will bear the brunt of it".

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The US action could be devastating to ZTE.

"China must rely on itself for core technologies", President Xi Jinping told scientists as he visited an IT firm last month, while officials confirmed they were raising a huge new fund to invest in computer chips.

A May 1 formal request by ZTE to the US Commerce Department for an immediate stay of the April 15 ban went unheeded, according to a person familiar with the matter.

Chinese Vice Premier Liu He is expected to resume trade talks with the Trump administration this week, after discussions in Beijing last week yielded no agreement on a long list of USA trade demands.

"Abide by the law, and strictly observe civic values", the employee regulation said.

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