US ban forces ZTE to close its main operations

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BetaNews - https://betanews.com/2018/05/10/zte-closes-main-operations/

ZTE’s fall from grace has been fairly spectacular. Now — just weeks after been blacklisted by both US and the UK — the Chinese telecom manufacturer has announced that it has ceased its “major operating activities”. The company blames the move directly on the US ban on sales to ZTE, but says it is talking to the US government to try to get the ban lifted. Without a supply of US-made components, ZTE is going to find it very difficult to operate for very long. See also: ZTE says Denial Order put in place by the US Department of Commerce…

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