Sentences with phrase «equipment maker zte»

Visitors are seen at a booth of Chinese telecom equipment maker ZTE Corp at an expo in Beijing, China, September 27, 2017.

Not exact matches

The Chinese networking equipment and smartphone maker ZTE has warned that its days might be numbered due to the U.S. ban on supplying it with parts and software for the next seven years.

LONDON / NEW YORK / HONG KONG (Reuters)- The United States has banned American firms from selling parts and software to China's ZTE Corp for seven years, potentially devastating for the telecoms equipment maker and exacerbating tensions between the world's two largest economies.

Shares in optical networking equipment maker Acacia Communications Inc, which gained just under a third of its total 2017 revenue from ZTE, tumbled 35 percent.

This week, the U.S. imposed a seven - year ban on China's ZTE Corp. that prevents the telecommunications - equipment maker from buying technology from American suppliers, a devastating blow to its global aspirations.

To combat fears of Chinese spying through devices from Huawei and ZTE, another Chinese phone maker, Rep. Mike Conaway (R - TX) introduced a bill called the Defending US Government Communications Act, which would ban US government agencies from using phones and equipment from the two companies.

Top intelligence officials testifying before Congress in February warned against using Huawei products, and a bill has been introduced in Congress that would block the government from buying or leasing equipment from either Huawei or fellow Chinese phone maker ZTE.

The concern is apparently great enough for one U.S. congressman to proposed banning the U.S. government from buying or leasing any phones or equipment from Huawei or ZTE, another phone maker out of China.