US ban 'extremely unfair,' 'unacceptable': ZTE

US ban 'extremely unfair,' 'unacceptable': ZTE

US ban 'extremely unfair,' 'unacceptable': ZTE

Washington later found ZTE guilty of such sales, but the two sides reached an agreement last year that let the Chinese firm avoid a threatened seven-year ban on buying USA components.

That, coupled with US -based software makers, Google included, put the company in an extremely tight spot moving forward, and will likely require a complete rethink of ZTE's business model, if upheld. The US Commerce Department said ZTE had violated the terms of a sanctions settlement announced past year, which saw the Chinese firm paying fines for shipping telecoms equipment illegally to Iran and North Korea.

That could handicap ZTE's smartphone business, which uses Google Inc.'s Android system, and crimp a multibillion-dollar revenue flow to companies such as Qualcomm Inc. that supply chips, software and other technology. It said the USA government was "ignoring" the work and progress by ZTE on export compliance, and it was "unacceptable that Bureau of Industry and Security insists on unfairly imposing the most severe penalty on ZTE even before the completion of investigation of facts".

"The most urgent priority is to ease the disastrous impact on ZTE caused by USA sanctions through efforts from multiple sides", the CCPIT said, noting that it would be "unrealistic" to ask the United States to remove the order.

ZTE adds that it invested "over $50 million in its export control compliance program and is planning to invest more resources in 2018".

"The incident is a technology war in essence, and we should be alert that the United States will politicize economic frictions", economist Zhang Lianqi said.

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We are also determined, if necessary, to take judicial measures to protect the legal rights and interests of our Company, our employees and our shareholders, and to fulfill obligations and take responsibilities to our global customers, end-users, partners and suppliers.

ZTE initially responded saying it was assessing the situation, and suspended trading of its Hong Kong- and Shenzhen-listed shares.

ZTE on Friday published a riposte in which it argues it has tried really, really hard to improve its export compliance capability - even to the extent of implementing SAP - and co-operated with U.S. authorities on an ongoing investigation.

Established in 1985, ZTE provides technology and products to clients in more than 160 countries and regions.

China has started to channel more energy into development of top-end semiconductors, a significant part of its broader manufacturing improvement plan. "It's better to rely on oneself than to seek help from others", he said.

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