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China’s ZTE said Friday that a U.S. ban on exports to the technology firm could threaten its survival and adversely affect American companies.

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China’s ZTE said Friday that a U.S. ban on exports to the technology firm could threaten its survival and adversely affect American companies.

China’s ZTE said Friday that a U.S. ban on exports to the technology firm could threaten its survival and adversely affect American companies.

Earlier this week, the Department of Commerce’s Bureau of Industry and Security (BIS) imposed what’s known as a denial of export privileges against ZTE. This means that U.S. firms cannot provide components or software to the Chinese giant.

It uses components from Qualcomm and software from Google for example in its smartphones.

“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 on Friday.

“In any case, ZTE will not give up its efforts to resolve the issue through communication, and 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.”

In 2017, ZTE admitted to illegally shipping telecoms equipment to Iran and North Korea and agreed to pay $1.19 billion in penalties. But the U.S. said that in 2016 while the investigation was ongoing, ZTE made “false statements” to the BIS in regards to reprimanding employees involved.

is an Editor at SearchNGR. He is a news media enthusiast, he holds a degree in economics from the University of Manitoba, Canada. He is apt to teach and love sharing relevant information across all of us.

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