Yesterday, U.S. President Lump suddenly said on social media that China and its leaders are working together to give ZTE, China's big mobile phone company, a way to quickly restore business. '(If ZTE fails) China loses too many jobs. I have instructed the U.S. Department of Commerce to fix this matter.
Nail Technology noted that ZTE, as a well-known telecommunications equipment company and mobile phone company in China, has a high reputation in the world. However, in terms of business, it relies heavily on U.S. suppliers, especially the chip part.
The U.S. Department of Commerce announced on April 16 that since ZTE has not complied with the settlement agreement reached with the U.S. government, it will implement a technical ban on sales for ZTE for a period of seven years until 2025; during the period, U.S. companies are prohibited from selling parts and components to ZTE, goods, Software and Technology.
After the ban was enacted, ZTE said that the US ban on sales caused the company to fall into a state of shock and the business was stalled.
However, ZTE did not sit still, but actively hoped to resume normal business operations through various channels. According to a report from the Wall Street Journal, a spokesman for the US Department of Commerce’s Industry and Security Bureau, which is in charge of export control, stated that the Bureau is evaluating ZTE’s The complaint will be given immediate consideration.
Nail Technology believes that from the standpoint of the U.S. side, the ZTE crisis may already have a solution, and the crisis is also expected to eventually turn into insurance.