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ZTE ceases "major operating activities," may be on the way out

Started by Redaktion, May 09, 2018, 22:17:26

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Redaktion

May 09, 2018, 22:17:26
In a statement issued to stockholders today, ZTE said that the it was suspending all "major operating activities" due to the sales ban placed on the company by the U.S. Department of Commerce. While ZTE has enough cash on hand to fulfill its current commercial obligations, the future looks bleak for the Chinese smartphone manufacturer.

https://www.notebookcheck.net/ZTE-ceases-major-operating-activities-may-be-on-the-way-out.303060.0.html
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