Sunday, 21 October 2018

Tag Archives: ZTE

US lifts ban on suppliers selling to China’s ZTE

REUTERS: The U.S. Department of Commerce lifted a ban on U.S. companies selling goods to ZTE Corp, allowing China’s second-largest telecommunications equipment maker to resume business. The Commerce Department removed the ban shortly after ZTE deposited US$400 million in a U.S. bank escrow account as part of a settlement reached ...

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ZTE has few cards left to play to avoid ‘death penalty’

NEW YORK: It’s not every day you see a company that employs 75,000 and once had a market cap of $20 billion facing instant doom on an hour-by-hour basis. But that’s the situation that Chinese telecom firm ZTE finds itself in right now. Following revelations that the company sold equipment ...

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ZTE ends ‘major operations’ after US export ban

NEW YORK/BEIJING: ZTE, one of China’s leading technology companies, has announced it will end “major operations,” after the U.S. government barred American firms from doing business with the telecom equipment maker. The announcement by the fourth-largest wireless equipment maker in the country comes amid an escalating trade battle between the ...

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UK Spy Agency Claims China’s ZTE “Poses Risk to UK Security”

LONDON: UK government agency The National Cyber Security Centre (NCSC) told the country’s telecommunications providers ZTE equipment presented a national security risk, which would be “impossible” to manage if the vendor’s equipment was deployed at scale, Financial Times reported. In a letter to operators, NCSC technical director Ian Levy cited ...

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