Memory FAQs

Industry News
CST News
Member Area
Tester Brochure
Demo Library
Tester FAQs

biology medicine news product technology definition

Sunday, August 19, 2018
Memory Industry News
Email ArticlePrinter Format PreviousNext

Trump asked the U.S. Commerce Dept. to help ZTE survive

Thursday, May 17, 2018

The U.S. Commerce Dept. is exploring options for modifying a ban on component suppliers exporting to ZTE that threatened to put the Chinese telecom giant out of business.

U.S. President Donald Trump asked Commerce Dept. Secretary Wilbur Ross to explore "alternative remedies" to punish ZTE for violating the terms of a settlement agreement and shipping equipment with U.S. components to Iran and North Korea.

ZTE said last week that it had effectively ceased operations after the U.S. ban, which prohibits U.S. component suppliers from selling to ZTE. An estimated 25 to 30 percent of the components in ZTE equipment including smartphones and networking equipment are sold by U.S. companies.

ZTE is a key customer to several U.S. chip suppliers, including Qualcomm. The San Diego-based chip supplier won't disclose how much business it does with ZTE on an annual basis, but some estimates put Qualcomm chip sales to ZTE in the neighborhood of $500 million per year.

The Reuters news service reported Monday (May 14) that Trump said his intervention in the matter is related to a trade war standoff that has China and the U.S. poised to impose steep tariffs on products made by the other side.

In a tweet sent over the weekend, Trump said that he had instructed the Commerce Dept. to "get it done" meaning find another remedy to punish ZTE for violating the terms of its agreement and get ZTE back in business to prevent major jobs losses in China.

By: DocMemory
Copyright 2018 CST, Inc. All Rights Reserved

Email ArticlePrinter Format PreviousNext
Latest Industry News
Purdue scientists combines transistor and laser on new FET8/17/2018
EDA giant Cadence Design to expand into Nanjing, China8/17/2018
Infineon to post and sell its IoT chips on Chinese e-commerce site8/17/2018
Nvidia demonstrates ray tracing speed graphics card with GDDR68/17/2018
Job posting implies Apple looking at a health processor8/16/2018
3 more flaws found on Intel Xeon processor8/16/2018
Turkey increased tariffs on certain U.S. products in retaliations8/16/2018
U.S. productivity growth at 2.9 percent8/16/2018
5G roll out in India to detlay8/15/2018
DRAM industry increased its second quarter output to $25.69 billion8/15/2018

CST Inc. Memory Tester DDR Tester
Copyright © 1994 - 2018 CST, Inc. All Rights Reserved