Tuesday, August 21, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple Is Planning a New Low-Cost MacBook and New Mac Mini
HTC VIVE Debuts the Vive Wireless Adapter
HP kicks off Gamescom with OMEN Products
New TONE Platinum SE Offers Google Translate and Other AI Features
New Alienware Gaming Desktops and Dell Gaming Monitors Announced at Gamescom
NVIDIA Brings Real-Time Ray Tracing to Gamers with GeForce RTX Graphics Card
Apple Removes Gambling Apps From Chinese Store Following Criticism
Logitech Goes Vertical With Advanced Ergonomic Mouse
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > ZTE Win...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, May 09, 2018
ZTE Winds Down U.S. Operations After U.S. Ban


China's ZTE Corp. is stopping its main business operations in the U.S. after a ban imposed by the U.S. government, although the company istrying to have the ban reversed.

Last month, Washington banned U.S. firms to supply it with components and technology after it was found to have violated U.S. export restrictions.

"As a result of the Denial Order, the major operating activities of the company have ceased," ZTE said in an exchange filings late on Wednesday.

"As of now, the company maintains sufficient cash and strictly adheres to its commercial obligations subject to compliance with laws and regulations," it said.

ZTE said it was actively communicating with the U.S. government "in order to facilitate the modification or reversal of the Denial Order by the U.S. government and forge a positive outcome in the development of matters."

ZTE said on Sunday it had submitted a request to the U.S. Commerce Department for the suspension of the ban.



Previous
Next
Walmart Buys Flipkart to Compete With Amazon in India        All News        Intel and Packet to Offer Free Access to Optane SSDs
Walmart Buys Flipkart to Compete With Amazon in India     General Computing News      Visual Studio Supports Development of 64-bit Apps for Windows 10 on ARM

Get RSS feed Easy Print E-Mail this Message

Related News
ZTE Expects Losses Due to U.S. Penalty
U.S. Signs Deal to Lift ZTE Ban
U.S. Partially Allows ZTE to Resume Transactions
ZTE Revamps Chairman and Board to Avoid U.S. Ban
ZTE Accepts $1bn Fine to remove U.S. Ban
China's ZTE Close to Reaching Agreement With U.S.
U.S. to Impose Fine, New Management to ZTE to Keep it in Business
Samsung in Talks with ZTE to Offer Exynos Mobile Processor
President Trump Says It Will Help ZTE Get Back Into Business
ZTE's Nubia Red Gaming Phone Released
ZTE Says Company's Survival at Risk
U.S. FCC Targets Huawei and ZTE With New Equipment Spending Controls

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .