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takyon writes:

China's ZTE slams U.S. ban, says company's survival at risk

China's ZTE Corp said on Friday that a U.S. ban on the sale of parts and software to the company was unfair and threatens its survival, and vowed to safeguard its interests through all legal means.

The United States this week imposed a ban on sales by American companies to ZTE for seven years, saying the Chinese company had broken a settlement agreement with repeated false statements - a move that threatens to cut off its supply chain.

"It is unacceptable that BIS insists on unfairly imposing the most severe penalty on ZTE even before the completion of investigation of facts," ZTE said in its first response since the ban was announced, referring to the U.S. Commerce Department's Bureau of Industry and Security. "The Denial Order will not only severely impact the survival and development of ZTE, but will also cause damages to all partners of ZTE including a large number of U.S. companies," ZTE said in a statement.

ZTE said it regards compliance as the cornerstone of its strategy, adding it invested $50 million in export control compliance projects in 2017 and plans to invest more this year. A senior U.S. Commerce Department official told Reuters earlier this week that it is unlikely to lift the ban.

Also at WSJ.

Previously: U.S. Intelligence Agency Heads Warn Against Using Huawei and ZTE Products
The U.S. Intelligence Community's Demonization of Huawei Remains Highly Hypocritical
Huawei CEO Still Committed to the U.S. Market
Rural Wireless Association Opposes U.S. Government Ban on Huawei and ZTE Equipment

Related: ZTE's $99 Zmax Pro Smartphone Packs in Top-Line Features

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