The U.S. Department of Commerce has banned American companies from selling components to leading Chinese telecom equipment maker ZTE Corp for seven years for violating the terms of a sanctions violation case, U.S. officials said on Monday.
Reuters
U.S. bans American companies from selling to Chinese phone maker ZTESteve Stecklow and Karen Freifeld
Update
China International Capital Corp Ltd said in a research note on Tuesday that if ZTE and the U.S. government cannot reach a settlement within one or two months, it will have a negative effect on the global telecom network construction and it is even likely to influence the building of 5G network in future....Ecsn
ZTE-U.S. case: Gov't ready to protect rights of Chinese companies
Related
“When countries lose global leadership in a generation of wireless, jobs are shed and technology innovation gets exported overseas,” Recon Analytics founder Roger Entner was quoted by trade association CTIA as saying. “Conversely, leading the world in wireless brings significant economic benefits, as the US has seen with its 4G leadership. These are the serious stakes that face American policymakers in the escalating global race to 5G.”...
“The United States will not get a second chance to win the global 5G race,” Meredith Attwell Baker, CTIA President and CEO was quoted as saying. “I’m optimistic we will leapfrog China because key leaders in the Administration, on Capitol Hill, and at the FCC are focused on the reforms needed to win the race,” she added....
Might this have something to do with it?
China is winning the high stakes race to dominate 5G
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