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
(Score: 3, Insightful) by captain normal on Friday April 20 2018, @06:21PM (1 child)
I doubt that Trump and his closest advisers (at least the ones that are left) have even heard of Sun Tuz, much less have studied "The Art War". Our current administration has jumped into a fray without fully studying the situation and having a clear objective. Unless there is a change of thinking at the top, the Chinese will wind up undercutting our businesses and literally owning the U.S. This isn't a game that the school yard bully can command.
The Musk/Trump interview appears to have been hacked, but not a DDOS hack...more like A Distributed Denial of Reality.
(Score: 0) by Anonymous Coward on Monday April 23 2018, @06:09PM
He's writing the Art of Chaos.