China Must Respond to ZTE's US Ban

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China has called on Washington to avoid damaging business confidence following a report US authorities are investigating whether Chinese tech giant Huawei violated sanctions on Iran.

US President Donald Trump apparently knows this well.

It's possible that further allegations against Huawei could result in a similar fate as we saw with ZTE, but since so little is known about this new investigation, we can't make too great of assumptions for the time being.

Seen as an extension to the ongoing bilateral trade spats, the US Department of Commerce has imposed a ban on ZTE for sanctions violations, prohibiting American firms from selling components to the China telecom equipment maker for seven years.

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"It was a factual update on what happened, what they've done since the order was put in place, and what they're doing to remedy the situation", a Semiconductor Industry Association spokesman said.

Huawei, the world's largest maker of telecommunications network equipment and the No 3 smartphone supplier, said it complies with "all applicable laws and regulations where it operates, including the applicable export control and sanction laws and regulations of the UN, US and European Union". ZTE was accused of violating an agreement to punish employees involved in illegal shipment of U.S. goods to Iran.

Acacia, the Massachusetts-based optical interconnect components maker, is among the major affected American companies.

The new investigation by USA authorities against China's Huawei and ZTE adds to the ongoing scrutiny around cybersecurity concerns being imposed by these tech companies. ZTE warned that might threaten its survival.

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In February, Senator Richard Burr, the Republican chairman of the US Senate Intelligence Committee, cited concerns about the spread of Chinese technologies in the United States, which he called "counterintelligence and information security risks that come pre-packaged with the goods and services of certain overseas vendors".

Without the ban, the company believes its annualized revenue with ZTE and its supply chain partners would have grown up to 5 percent, but the expectation "will not be realized", the company said. The company is said to have been illegally exporting United States technology to North Korea and Iran, once caught, the company failed to discipline the staff members associated with the exports.

According to the report, the Department of Commerce has agreed to receive new evidence from ZTE through an informal procedure.

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