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posted by Fnord666 on Sunday May 13 2018, @10:24PM   Printer-friendly
from the trade-wars-2.0 dept.

Chinese Tech Giant on Brink of Collapse in New U.S. Cold War (archive)

Not Apple. Not Huawei. The first casualty of the high-tech cold war between the United States and China might be the biggest electronics maker you've never heard of.

The Chinese firm ZTE said on Wednesday [PDF] it had ceased "major operating activities" after the Trump administration banned the company last month from using components made in the United States. With manufacturing halted at the ZTE plant in Shenzhen, factory workers have been getting called in for training sessions every other day or so — a snooze, they say. The rest of the time, they loaf around in nearby dorms.

Trading in the company's shares has been suspended for weeks. Staff members have been instructed, in new guidelines reviewed by The New York Times, to reassure anxious clients, while being sure to avoid discussing with them the American technology from which the firm is cut off for the next seven years.

One of China's most internationally successful technology suppliers, with about $17 billion in annual revenue, ZTE is facing a death sentence. The Commerce Department has blocked its access to American-made components until 2025, saying the company failed to punish employees who violated trade controls against Iran and North Korea.

Update: President Trump has vowed to get ZTE "back into business, fast" (archive):

President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast. Too many jobs in China lost. Commerce Department has been instructed to get it done! — Donald J. Trump (@realDonaldTrump) May 13, 2018

Also at Fortune, WSJ, USAToday and CNN.

Previously: U.S. Intelligence Agency Heads Warn Against Using Huawei and ZTE Products
Huawei CEO Still Committed to the U.S. Market
Rural Wireless Association Opposes U.S. Government Ban on Huawei and ZTE Equipment
ZTE Responds to U.S. Ban on Sales by American Companies to ZTE


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  • (Score: 2) by crafoo on Monday May 14 2018, @01:52AM (3 children)

    by crafoo (6639) on Monday May 14 2018, @01:52AM (#679395)

    Oh come on. All previous leaders have been more or less better at playing the crowd and puking up what people are comfortable hearing and going to sleep at night. But make no mistake, it's Real Politic all the way.

    Starting Score:    1  point
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    Total Score:   2  
  • (Score: 3, Interesting) by requerdanos on Monday May 14 2018, @03:15AM

    by requerdanos (5997) Subscriber Badge on Monday May 14 2018, @03:15AM (#679402) Journal

    All previous leaders have been more or less better at playing the crowd and puking up what people are comfortable hearing and going to sleep at night.

    If DJT had this ability--I acknowledge that he doesn't and isn't likely to acquire it--he would still sleep restfully and soundly, untroubled by complicated thoughts of conscience.

    Requires sustained thought over a nontrivial period of time, you see. Can't fret over something you don't remember!

    He just absolutely does not have the weaknesses that skilled or principled leaders would have. The guy's practically unstoppable.

  • (Score: 3, Funny) by SanityCheck on Monday May 14 2018, @06:06PM (1 child)

    by SanityCheck (5190) on Monday May 14 2018, @06:06PM (#679681)

    I think a lot of the previous leaders came to a problem knowing what the solution ought to be. So they were never willing to listen to people who are working under them in those fields. Those people got tired and disillusioned with these types of clowns, and just stopped giving their own advice, knowing it would be ignored. Trump is the exact opposite, he comes to a situation he has no idea about the landscape nor any inkling of a solution, he only says he will work on it and get something done. He will listen, he will judge, and he will delegate because he does not bother coming up with his own solution. He is smart enough to decide who is effective either outright or through test. He will cleave the ineffective people from the controls at a whim, and after few rounds of this type of blood-letting you will begin to see results.

    • (Score: 3, Insightful) by aristarchus on Monday May 14 2018, @11:57PM

      by aristarchus (2645) on Monday May 14 2018, @11:57PM (#679826) Journal

      He is smart enough to decide who is effective either outright or through test.

      Um, there is a case to be made for involuntary username modification, instead of mere comment modding. In this case, could we change SanityCheck to InsanityCheck?

      He will cleave the ineffective people from the controls at a whim, and after few rounds of this type of blood-letting you will begin to see results.

      Exampla Gratia: Trump cleaveth Michael Flynn, and replaces him with the more more insane John Bolton. Insanity? Check! Results? We've gone to Jared.