ZTE suspends operations due to US ban
Chinese telecoms giant ZTE has been forced to cease its operations citing the sales ban from the US.
Last month, ZTE was hit by a ban from the US preventing any firms in the country from supplying it with any components or technology. The reason Washington provided was that ZTE violated US export restrictions and made repeated false statements, both of which have been disputed by the company.
“As a result of the Denial Order, the major operating activities of the company have ceased,” ZTE said in...