In a strange turn of events, the American government has been instructed by President Trump, to help Chinese tech giant ZTE Corp. The problems started for ZTE when they were caught shipping U.S. goods to Iran. The U.S. Commerce Department then prevented U.S. companies from doing any trade with ZTE. This decision literally crippled the company, forcing Donald Trump to step in and take a decision. In a recent tweet President Trump expressed its concerns and his will to find a solution. https://twitter.com/realDonaldTrump/status/995680316458262533 The ban on doing trade with U.S. companies is supposed to last seven years. ZTE already paid a $1.2 billion in fine for that case. Recently, American delegations in visit in China were asked about this issue by Chinese officials, leading to Trump’s decision. ZTE currently employs 70,000 people, and earlier this month, it had to put on hold its main operations.
Latest Posts:
- VoIP – The Future of Sustainable Communications
- A quick roundup of the news in Telecoms | Week #48
- Casa Systems Marks Milestone with DOCSIS 4.0 Breakthrough
- Sinch Recognized as a Leader in the 2023 CPaaS Omdia Universe
- Stonepeak completes acquisition of 49% interest in Cellnex Nordics
- Mitratel Expands Presence: Acquisition and 5G Challenges Discussed
- Navigating AI Literacy in Telecoms: A Multi-Persona Approach
- EXA Infrastructure Advances Network in Crete with Second Diverse Submarine Route, Unveiling Strategic Investment and Innovation
- RedShift Networks Announces Partnership With Global IT Solutions Aggregator TD SYNNEX
Tag