Despite paralyzing US ban, ZTE is still fighting for its life
Here’s a breakdown of what ZTE no longer has access to thanks to the US Commerce Department’s denial order.
ZTE’s phones, like the Axon M, won’t get any support thanks to this denial order. The reports of ZTE’s death are greatly exaggerated. Well, at least for now.
The fate of the Chinese maker of telecommunications gear has been up in the air since ZTE disclosed on Wednesday that it had shut down “the major operating activities of the company.” The closure followed a US Commerce Department denial order, which banned any American businesses from selling products or services to ZTE for the next seven years.
But ZTE, which is also the fourth-largest smartphone maker in the US on account of its budget options, isn’t throwing in the towel. The company had to shut down its operations to comply with the order, but it continues to talk with US government officials about a potential stay or reconsideration of the denial order, according to a person familiar with the situation.