Huawei is being criminally investigated by the US Justice Department

Marion JacobsApr 27, 2018

In a separate case, Washington barred ZTE Corp., another Chinese tech company, from exporting USA technology in a case over exports to Iran and North Korea. Should it be proven guilty of the same violation, it's likely to be fined like ZTE, perhaps even more.

Although ZTE will bear the brunt of the impact from the ruling by the US Department of Commerce, relevant US partners will suffer as a result.

ZTE has already paid $890 million in fines and penalties and could face additional penalty of $300 million for violation of USA export sanctions.

If the ban stays as it is for the next seven years, ZTE's future looks grim, facing a possibility that the company might not last that long.

But the Department of Commerce has now imposed this ban after accusing ZTE of making false statements during settlement negotiations and the probationary period relating to disciplinary actions the vendor claimed it was taking on senior employees embroiled in the sanctions case.

The company promised it will continue to communicate with an open, transparent and honest attitude, solve problems in a legal way in compliance with standards and try to reduce the adverse effects of the situation, according to the report.

As ZTE has maintained close partnerships with many United States firms in the fields of telecom equipment, fixed networks, smartphone chips and radio frequency devices, the company will be unable to deliver shipments due to the ensuing lack of key components.

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"We depend on a limited number of customers for a significant percentage of our revenue and the loss or temporary loss of a major customer for any reason could harm our financial condition", said Acacia in the filing.

Unfortunately, that's about all we know for the time being. Though, it appears that troubles for Huawei don't end there.

"For Huawei, we still focus on doing our own things well".

"Every business with an worldwide ambition must ensure it gives sufficient resource and focus to being aware of trade sanctions globally and ensuring compliance with them", he said.

"There are things we can not change its course, and it's better not to put it on top of your mind".

On April 19, China's Ministry of Commerce (MOC) said that the USA action against ZTE will damage itself.

There has also been speculation that China may be retaliating by holding out on providing United States chipmaker Qualcomm with regulatory approval to acquire NXP Semiconductors.

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