A few days ago, according to a report of the Wall Street Journal of the US media, ZTE declared that the failure to fulfill the agreement signed with the United States was caused by ZTE's mistakes in process and human resources. The company has never intentionally lied to the government. It is considered that the "too harsh" ban imposed by the United States on ZTE is indeed an extremely unfair punishment.
According to a report by Global Network Technology earlier this year, in mid-April this year, Washington issued a ban prohibiting U.S. companies from supplying parts and technology to ZTE because the company illegally delivered supplies to Iran, in violation of the agreement between ZTE and the United States in 2017. The agreement, that is, the relevant measures of U.S. export restrictions on Iran.
Due to a ban imposed by the U.S. government, the main business of ZTE has ceased operation. The ban is a devastating to ZTE because it relies on U.S. companies to produce a series of key products, including semiconductors for their smartphones and The components used in its network equipment. Last year, ZTE spent more than 2 billion US dollars on components of American companies.
According to informed sources, this is the most serious wound caused by Sino-U.S. trade escalation to the company.
In addition, ZTE also stated that the ban means that it will not be able to service many network customers, including Austria's 5,800 wireless base stations that provide services to nearly 3.7 million users.
The ban also placed ZTE in the center of the escalating trade dispute between China and the United States. Last week, the Chinese government expressed concerns about the ZTE penalties for visiting U.S. trade delegations. Informed sources said that the ZTE issue is likely to be An important issue in the next round of negotiations between China and the United States next week.
According to reports, after the U.S. Department of Commerce issued an export ban in April, ZTE Corporation, the world’s leading telecommunications equipment supplier and the fourth largest mobile phone provider in the United States, is taking active measures for it.
Recently, according to informed sources, ZTE has submitted a formal request to the U.S. Department of Commerce to request an end to the ban. ZTE stated to the U.S. authorities that it failed to fully comply with the U.S. Settlement Agreement to resolve sanctions and damage costs due to its internal Defects in control, not systematic deception, but the US’s “excessively harsh” ban on ZTE is really an unfair punishment.
The Ministry of Commerce stated that it is currently reviewing ZTE's application.
On May 11th, according to Bloomberg News, ZTE’s e-mails to top executives indicated that ZTE will describe the next two weeks as 'a critical window of time' and asked the company’s management to appease employees’ emotions.
'The company is currently working hard to get out of the deadlock as soon as possible. Don't let inaccurate information and rumors disrupt people's hearts. Stick to your position, inspire your team members, and reassure your team.' The e-mail says, but did not elaborate for two weeks. The specific response plan within.