ZTE Corporation, a Chinese firm that sells millions of phones in the United States, has halted “major operating activities” after a US ban against the company went into effect, according to a new public filing-
Some of the company’s products, which include smartphones and telecommunications equipment, appeared to no longer be for sale online on Wednesday.
It was unclear exactly which of ZTE’s operations were impacted. The public filing says the company has enough cash to fulfill its “commercial obligations.” No further details were offered. The company did not immediately respond to a request for more information.
Last month, the US Commerce Department blocked American firms from selling parts or providing services to ZTE until 2025. Washington accused ZTE of violating US sanctions on North Korea and Iran and then lying to US officials about whether the employees responsible were punished.
ZTE denies it did not take adequate corrective action. And the crackdown has been interpreted as part of a broader push by the United States to stifle China’s tech ambition.
ZTE Corporation, a Chinese firm that sells millions of phones in the United States, has halted “major operating activities” after a US ban against the company went into effect, according to a new public filing.
Some of the company’s products, which include smartphones and telecommunications equipment, appeared to no longer be for sale online on Wednesday.
It was unclear exactly which of ZTE’s operations were impacted. The public filing says the company has enough cash to fulfill its “commercial obligations.” No further details were offered. The company did not immediately respond to a request for more information.
Last month, the US Commerce Department blocked American firms from selling parts or providing services to ZTE until 2025. Washington accused ZTE of violating US sanctions on North Korea and Iran and then lying to US officials about whether the employees responsible were punished.
ZTE denies it did not take adequate corrective action. And the crackdown has been interpreted as part of a broader push by the United States to stifle China’s tech ambition.
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