department of commerce

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ZTE suspends “major operating activities” following US trade ban

by Brad Linder 3 Comments on ZTE suspends “major operating activities” following US trade ban

A few weeks after the US Department of Commerce blocked US companies from supplying Chinese electronics company ZTE with components, ZTE has issued a notice to investors stating that the company is pretty much on life support while it challenges that action. ZTE says “the major operating activities of the company have ceased,” but that […]

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ZTE still hopes to reach a deal to avert US trade ban (and to survive)

by Brad Linder 7 Comments on ZTE still hopes to reach a deal to avert US trade ban (and to survive)

This week the US Department of Commerce announced that it was banning US companies from selling goods to ZTE, a China-based company that sells smartphones and other items in the US and around the world. Now ZTE has issued a response which basically boils down to a few points. First, the company insists that it’s […]