It is undeniable that after some efforts by ZTE, stubborn Trump was finally 'influented' by announcing the lifting of sanctions on ZTE. As everyone knows, behind this win, ZTE paid a heavy price. And, cancelling ZTE The official documents on the sanctions have not yet been issued. This means that the ZTE sanctions are still variable.
Bloomberg quoted sources as saying that due to US sanctions, ZTE had lost at least 20 billion yuan in the past month. In fact, ZTE paid more than 20 billion yuan for this victory.
1. A huge fine of US$1.3 billion: According to reports from foreign media, the U.S. government withdrew sanctions against ZTE. The first condition is a fine of approximately US$1.3 billion. According to the latest exchange rate, US$1.3 billion is converted into RMB approximately. It was 8.3 billion yuan. Together with the loss of 20 billion, ZTE lost nearly 30 billion yuan in a month.
2. Independent technology research and development was abolished: Trump canceled conditional on the ZTE sanctions. One of the conditions is that it must purchase US parts. That is to say, the parts needed by ZTE base stations or other communication equipment must be purchased from the United States. This means that ZTE's independent technology research and development will be abolished.
All along, the United States has imposed a technical blockade on ZTE and Huawei Technologies. After technological research and development is abolished, this move is somewhat embarrassing.
3, ZTE's management rights are lost: In addition to the heavy fines and the harsh terms of having to purchase US parts, the U.S. government also requires ZTE to make large-scale adjustments to management and the board of directors. According to the relevant US Department of Commerce agreement, ZTE must arrange within the company. United States compliance officer.
If the above conditions are completely true, then the United States has cancelled the ZTE sanctions. However, the price paid by ZTE may also be very large. Finally, will ZTE accept the harsh conditions of the Trump spectrum and everything will have to wait until after the negotiation to know the result. What is certain is that after the sanctions were lifted, ZTE’s days were hard to beat.