Posted on 05/09/2018 3:32:59 PM PDT by Zhang Fei
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 includes 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.
ZTE said last month that it expected its business to be "severely impacted" by the sanctions and its stock halted trading on the Hong Kong exchange April 16.
A New York Times journalist in China reported Wednesday that manufacturing has been shuttered at the company's plant in Shenzhen.
If ZTE goes out of business, it would mark the most dramatic development yet in the looming trade war between China and the United States.
(Excerpt) Read more at money.cnn.com ...
https://asia.nikkei.com/Business/Companies/Choked-by-US-ban-ZTE-halts-smartphone-sales-in-China
Partly state-owned ZTE was the ninth-largest smartphone vendor in China last year and fourth in the U.S. Ranked ninth in the world, the company is one of the first major victims of intensifying Sino-American trade frictions.
As far as I am concerned good riddance. Every time I get contacted by someone claiming an app of mine “isn’t working right on their phone” it’s almost always some ztE piece of crap.
That’s interesting. They’re very popular among customers of MVNO’s like Cricket and MetroPCS. Do you get similar problems with Huawei products? What about Motorola which is now owned by China’s Lenovo? Or Alcatel (TCL)?
China has been rather unfriendly in U.N. meetings for a long time while getting more friendly with Iran, Russia, Syria and other such nations. It seems that the PLA doesn’t like our form of government or the extents of some of our freedoms...or our facial expressions.
And there’s the opacity of the busy military buildup in China and increasing impoliteness concerning ocean routes and other matters.
Go to Wal-Mart and buy your own death!
ZTE’s Board of Directors ARE high-ranking members of Chinese Intelligence.
They were recently banned by the pentagon, and intel folks have been warning about them and Huawei for some time.
The newest ZTE phone routinely malfunctions.
I bought one from AT&T but didn’t know it was a chicom outfit. When it breaks I’ll get something else. It was less than half the price of well known brands. Seems to work fine and AT&T has the best coverage out here. No biggie. Cell phones are sort of a throw away item anyway as is pretty much everything from china. I avoid china stuff as much as I can but didn’t research ZTE and bought it online.
I just about bought one when I switched to MetroPCS but then I saw the LG with similar features was about the same price. The ZTE had better specs on the camera but I passed on that. I dodged a bullet.
I had a ZTE phone a few years ago, worst piece of crap I ever had.
No big loss.
Wow! Has the Democrat-Press even reported this yet?
The accusation is that Huawei and ZTE phones eavesdrop on their users. Officially. Built into the firmware.
You may want to reconsider. But if not, let us know how it goes :)
This really is NOT about a “trade war” with China.
ZTE spent years intentionally violating trade embargoes with countries like North Korea and Iran. High-up people in the company figured out how to keep from getting caught, and taught their tricks to their coworkers.
Eventually they got caught (during the ZerObama administration). The company was fined hundreds of millions of dollars. They were punished with a trade embargo, but the embargo, and more hundreds of millions of dollars of fines, were suspended when the company promised to clean up their act and punish the crooks in their employ. This was in 2016-2017.
In 2018, the commerce department found that ZTE had NOT cleaned up their act. They gave bonuses to the crooks they had promised to punish, and they continued to submit false statements to the U.S. throughout their “probation” period. So in April 2018, the commerce secretary decided to un-suspend all of the suspended penalties, and also made it clear that ANY U.S. company that does ANY business with ZTE will be subject to prosecution. There’s a 7-year ban on ALL dealings with ZTE.
The details are all in this commerce department document:
https://www.commerce.gov/sites/commerce.gov/files/zte_denial_order.pdf
My ZTE phone didn’t work well enough for the chicoms to reliably spy on me.
I got a refurbed ZTE to use with a 3rd party carrier. Better than the old LG it replaced, but I don’t do much with them besides phone, text and pics.
Not really. I keep my code inside the box.. don’t get many complaints but whenever I do it is inveriably a junk ZTE phone
I’ve liked the zte grand line. It’s a huge phone—a “phablet” and I can see what’s on the screen, very well. Does it have glitches? Yes, it does. It has a rterrible launcher program and i,’ve had to use an alternative.
I do wish however, that zte would release the bootloader code so these phones can be fully rooted, but I don’t expect they will. It’s been a reasonable choice for us ultra careful spenders. I’m not sure who, if anyone, will pick up the slack on these giant phones. My daughter has a very large i-phone, but this one still outsizes it. If I could afford one of those, I would consider it, or even the Samsung note..they do work better and have more features than mine, but I can’t. Oh well. Cross that bridge when I get to it.
So, if they can’t sell bugged phone in the US, the rest of the world as a market means nothing?
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