Today evening, U.S. President Trump issued a tweet saying that it is communicating to provide ZTE with a way to quickly resume business. (Because ZTE's business cannot be carried out normally.) China has too many jobs lost. I have informed the Ministry of Commerce. To complete this work as soon as possible.
This statement also means that since April 16th ZTE’s US embargo has ushered in its first major turnaround.
In fact, it is indeed a turning point for the fate of ZTE Corporation. According to an announcement on May 9 by ZTE, the main business activities of the company are no longer available.
From April 16th, the US Department of Commerce’s Bureau of Industry and Security (BIS) made an activation decision on ZTE’s refusal order, which has lasted 27 days as of today. According to previous industry comments, ZTE’s inventory is only enough to maintain one More than a month or so will be exhausted. Take the mobile phone business as an example. The current ZTE official mall and the Tmall flagship store page of Tmall show 'website revision' and cannot place orders.
In addition, from a business perspective, important customers are able to tolerate and wait for shorter and shorter time. As time goes on, they will be delayed further. Even if the ban is lifted in the future, it will cause irreversible losses to ZTE.
In fact, in the evening before May 6th earlier, ZTE Corporation issued an announcement that the company has formally submitted an application for suspension of enforcement refusal orders to BIS, and submitted supplementary materials in response to the refusal order according to BIS guidelines. May 10 According to a Wall Street Journal report, a BIS spokesperson stated that the Bureau is evaluating ZTE's complaint and will immediately consider it.