ZTE’s Shares Flounder as US Senate Sounds Its Death Knell, Sets Crosshairs on Huawei

18 views · Published 4 July 2018 · 1:56 · Indexed 23 October 2026

Channel: Yicai 第一财经 · 2018 · Science & Technology

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Just when it looked as though US President Donald Trump and Chinese President Xi Jinping had brokered a deal to lift the US commerce department’s seven-year ban on sales of US microprocessors to ZTE Corp., in another stunning national policy reversal, the US Senate voted this week to reinstate the ban in the form of the National Defense Authorization Act, sponsored by Sen. John McCain (Rep. Arizona), long at loggerheads with Trump.

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