ZTE says United States ban could affect the survival of the company

Alicia Cross
April 21, 2018

"It is unacceptable that BIS insists on unfairly imposing the most severe penalty on ZTE" the company said in a statement, "The Denial Order will not only severely impact the survival and development of ZTE, but will also cause damages to all partners of ZTE including a large number of U.S. companies".

Until the company assures that it will be able to keep delivering updates to the Android gadgets, people should hold off on buying ZTE phones, consumer groups in the United States said, Reuters reports. China has announced its own $50 billion list of us goods for possible retaliation and says it is ready to take other steps.

ZTE Corp., one of China's biggest tech companies, warned Friday that a ban on access to us technology threatens the company's survival and said it is looking for a legal solution.

The US Commerce Department on Monday banned American companies from providing components, software and other technology to ZTE, saying it was punishing the Chinese firm for violating the terms of a settlement agreement. USA companies are barred from selling technology to state-owned ZTE for seven years.

ZTE statement insists that the company prioritizes compliance as the cornerstone of its strategy, citing an investment of $50 million in export control compliance projects in 2017 and plans to invest more this year. (Shenzhen: 000063; Hong Kong: 0763) does not deny that it failed to reprimand and financially penalize staff involved in past export violations (most notably sales to Iran) or that it made false statements to the USA government. The Chinese original equipment manufacturer said the federal agency's denial order is "unacceptable" and not fair in light of the fact that the transgressions it's meant to punish were identified and reported by ZTE itself for the sake of transparency and its continuous commitment to cooperate with Washington.

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China accused the USA of throwing its weight around in the trade arena, saying it advocates principles of fairness but isn't living up to them.

In response to the ZTE ban, China's Ministry of Commerce said twice this week that it would take necessary measures to protect the interests of its companies.

ZTE has been suspected of spying on USA citizens, just like fellow Chinese brand Huawei, but it's actually not about that this time.

ZTE smartphones aren't the most popular, but can be intriguing. "The plight of domestic chip making tells the state of the manufacturing sector - big but not strong".

"China has seen fast development in fields including semiconductor and is expected to fix the weaknesses and squeeze into the first echelon in the next 10 to 20 years", said Zhang Ping of Beijing University of Posts and Telecommunications. "It's better to rely on oneself than to seek help from others", he said.

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