Posted inAT Finance, China, Hong Kong, India, Indonesia, Iran, Italy, Middle East, South Asia, World

ZTE paid US tech firms US$2.3bn for parts, report

The true cost of United States sanctions against ZTE is starting to emerge. In a stark announcement earlier this week, the Chinese telecom giant confirmed it was shutting down “major operating activities.” The news came less than a month after the US Commerce Department banned ZTE from buying US-made components, such as semiconductors, for seven years, effectively […]