'A hotspot lasted nearly 30 days. It's really a bit long.' An internal ZTE employee made a sigh on a social platform, but things finally turned a corner.
According to Xinhua News Agency, the "Wall Street Journal" reported on the 21st that China and the United States have reached an agreement on the path to solving the problems of ZTE Corporation. The newspaper quoted informed sources as saying that relevant details are still being finalized. Once an agreement is reached, Trang The general government will lift the ban on ZTE's procurement of products from U.S. companies. People familiar with the matter also stated that the U.S. side’s lifting of the ban still requires national security review.
U.S. Treasury Secretary Mu Nuchin said in an interview with Consumer News and Business Channel (CNBC) that the U.S. measures taken by ZTE were not meant to 'drive the company out of the industry'. According to U.S. media reports, U.S. Secretary of Commerce Ross May be going to China next week.
US President Trump had promised to help Chinese technology company ZTE's 'rapid recovery of business operations'. Prior to this, the US Department of Commerce’s ban led ZTE to stop its main business operations.
On the second day after the U.S. president’s statement, U.S. Secretary of Commerce Wilburrose responded, willing to change the ban on Chinese mobile phone maker ZTE’s sales as soon as possible.
At the time, market analysts believed that Trump's tweet and the position of the head of the U.S. Department of Commerce were a signal for ZTE to actively relieve the crisis. ZTE may resume operations within weeks.
As of now, ZTE has no official response.
Dai Pei, chief analyst of Forrester Research, once told a reporter of the First Financial Affairs that the follow-up progress of the ZTE event depends on the substantive results of the trade negotiations between China and the United States.
"The U.S. signal is believed to be based on some strategic adjustments that the Chinese government has already made, including the Qualcomm acquisition, tariffs on agricultural products, and new energy vehicle market access." Dai Yan told reporters.
Xie Yushan, a research fellow of the Jibang Tuobei Industrial Research Institute, told reporters that the US president’s Twitter speech on May 13th shows that the US attitude has softened and the ZTE event is expected to be reconciled.
'ZTE's baseband, RF chip, storage of most of the key components from the United States, including Qualcomm, Microsoft, Intel, etc., after the lifting of the ban, can slow down the lack of material challenges. ' Xie Yushan told the First Financial reporter.
Affected by the 'embargo incident', some of ZTE's business could not be successfully launched.
On May 10, Telstra announced that they had to stop sales of ZTE’s products. Telstra said that it is working with partners to ensure the purchase of alternatives.
These products are manufactured by ZTE and sold by Telstra, including 19 mobile phones and 3 mobile broadband products. Telstra said that it hopes that ZTE can reach consensus with the U.S. as soon as possible and eventually resume related business activities so that they can restart the sales of ZTE's products. In addition, customers who have purchased and own these products are not affected.
According to the reporter’s understanding, the user’s current visit to ZTE’s official mobile phone store (MYZTE) has been redirected to the home page of ZTE’s official website. The ZTE ZTE official flagship store on Tmall still cannot see any products.
At the equipment level, U.S. suppliers that recently cooperated with ZTE in the supply chain have basically stopped providing ZTE and provided telephone, mail, and on-site technical support services. 'Trade wars are unwilling for everyone to see. However, the U.S. government has issued this order and any company headquartered in the United States must abide by it. 'The Intel official had responded to the First Financial Reporter before the ZTE broke the supply and said that at present, Intel still needs to comply with the requirements of relevant laws and regulations. ZTE supply).
"Although the time has continued for a month, but still in the interior, there is still no one who dares to say that the time has come to relax." The ZTE insider told reporters that there are still many 'unknown' for business recovery.