Original title: ZTE's sudden embargoes, the sequelae of "lack of core"
4hw.com.cn news on April 17, ZTE's official website issued a statement that it had noted the US government's ban on H shares and a shares of ZTE. After the incident, ZTE set up a crisis response working group for the first time, analyzing and formulating response measures in various fields, and going all out to face the crisis.
According to the Research Report of CICC, ZTE currently has spare parts inventory from January to February. If a settlement is not reached in January to February, the normal production and sales of communication equipment and mobile phones will be affected.
Earlier, on the evening of April 16, the US Department of Commerce announced that it would ban US companies from selling parts to ZTE for a period of seven years. The reason is that the United States believes that ZTE made false statements to the United States, failed to punish the executives and employees involved in the illegal export of communication equipment to Iran and North Korea as agreed, and instead paid them in full.