the restrictions justified with ZTE to have violated US sanctions against Iran.
the restrictions will make it difficult for ZTE’s subcontractors in the United States, who will need to apply for a license for the supply to the company, according to the commerce Department, licenses generally are not given.
“We believe that the restrictions , if introduced, will create significant problems for ZTE, “writes Cynthia Meng, an analyst at investment bank Jefferies.
She adds that ZTE has a large trade with several large US companies such as software maker Microsoft, the technology company Qualcomm and IT consulting company IBM.
No comments:
Post a Comment